article thumbnail

Suppliers’ Late Payments Woes Expand Across Borders

PYMNTS

This week’s B2B Data Digest uncovers the global cash flow threat of extended supplier payment terms, with the matter reaching from the U.S. 91 percent of South Africa SMBs faced a late payment last year , according to research from small business accounting platform Xero. Small businesses’ late payment pains know no borders.

article thumbnail

UK Accounting Trade Group Weighs In On Late Payments

PYMNTS

The proposals come from the Association of Accounting Technicians (AAT), and the trio of measures would, as reported by Building , change the nation’s Prompt Payment Code. In terms of individual company impact, a boost in Tesla ’s accounts receivable has gained the notice of analysts. To that end, U.K. Tesla And Late Payments.

Account 51
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Proposed UK Bill Aims To Crack Down On Late Payments

PYMNTS

The Association of Accounting Technicians (AAT) is in the midst of a campaign to fight the problem, with three changes. Late payments can also be counterproductive in terms of productivity, and can also have other effects, like minimizing well-being and causing stress to business owners.

article thumbnail

Where SMEs Stand At 2016’s Midpoint

PYMNTS

At the end of Q2 2016, small businesses are still waiting a long time to get paid, though there have been some improvements in B2B payment speeds. SMEs worry about unpaid invoices , a figure released by small business accounting firm Xero last week suggests. 52% of U.K. days every month chasing down late payments.