The month-end closing of books can trigger feelings of dread for small firms, especially those without accountants or finance directors to handle the seemingly endless paperwork.
Right now, three in every five small firms are waiting for money tied up in unpaid invoices. For medium-sized companies with 50 to 249 staff, those waiting on late payments rises to more than nine in ten (94%).
But rather than waiting for governments and regulators to act, forward-thinking firms can put themselves firmly in control of their finance operation.
This whitepaper highlights the four most common problems that firms face with supplier payments and offers solutions for each to get productivity levels back on track