Articles with tag: late payments

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Covid era causes defaults on invoices, survey

10 Sep 2020 | E-invoicing, SCF & E-procurement

Fintech Onguard has released a survey on finance professionals, 48% of whom observing an increase in late payments since the pandemic started.

Fintech, covid, invoices, late payments, Onguard, pandemic, finance professionals, automated debtor processes, cash flow, delayed payments, overdue payments, programme, Excel, automation, Numbers, alternative lenders

Sidetrade Unpaid Invoice tracker: what the pandemic has taught us

21 Jul 2020 | E-invoicing, SCF & E-procurement

With billions of euros tied up in unpaid invoices during lockdown, Rob Harvey, Global Director at Sidetrade, shares learnings about B2B late payment across Europe based on the findings of Sidetrade’s Unpaid Invoice tracker

AI, invoicing, late payments, lockdown, digitalisation, coronavirus, study, Sidetrade, Sidetrade Unpaid Invoice Tracker, cash flow, liquidity, businesses, the Netherlands

Invoiced achieves PCI-DSS compliance for its accounts receivable automation platform

08 Jun 2020 | E-invoicing, SCF & E-procurement

Invoiced, a provider of accounts receivable automation solution, has earned an independent verification of PCI-DSS compliance for its cloud-based system.

accounts receivable automation, automation, invoices, late payments, compliance, certification, PCI Level 1, PCI Security Standards,

Barclays announces new fintech partnership with Nimbla

24 Jan 2020 | E-invoicing, SCF & E-procurement

Barclays has announced a partnership with Nimbla, a pioneer of single invoice insurance.

Barclays, fintech, partnership, Nimbla, invoice, SMEs, late payments

Late payments still an issue for UK SMEs

10 Dec 2019 | Payments General

The latest MarketFinance Business Insights has shown how long SMEs are waiting to be paid, how late these payments were and the impact.

Late payments, UK, SMEs, MarketFinance, payments

Businesses pay their smallest suppliers 30 days later than their bigger suppliers

04 Nov 2019 | E-invoicing, SCF & E-procurement

Data released by Previse, the fintech that uses AI to get suppliers paid instantly, has shown the extent to which the problem of slow payments is concentrated among small suppliers, a fact which public payments reporting fails to highlight.

Previse, suppliers, payments, late payments, invoicing, fintech

UK supplier relationships more mutually beneficial, study finds

04 Oct 2019 | E-invoicing, SCF & E-procurement

New research from Barclaycard Commercial Payments has painted a picture of the changing dynamic between UK buyers and suppliers.

Barclaycard Commercial Payments, research, commercial payments, B2B payments, supply chain management, supplier payments, payments, late payments, supply chain finance

BizPayO rolls out cash flow optimisation platform

10 Jun 2019 | Cards

BizPayO has announced the launch of a cash flow optimisation platform in a bid to tackle the late payments problem for small and medium sized businesses.

BizPayO, late payments, SMEs, credit card, ACH, Bitcoin

Countingup and Hokodo partner for invoice insurance service

13 May 2019 | E-invoicing, SCF & E-procurement

Small business and freelancer banking and accounting app provider, Countingup, has forged a partnership with fintech insurance solutions startup, Hokodo.

Countingup, Hokodo, partnership, invoice insurance, SMEs, late payments, fintech

IntelliChief unveils AP and sales order automation tools

02 Apr 2019 | E-invoicing, SCF & E-procurement

US-based automated document management provider IntelliChief has rolled out IntelliChief ECM advancing AP Automation, Sales Order Automation.

IntelliChief, product launch, sales order automation, accounts payable automation, AP automation, ntelliChief ECM, late payments fees, document management solution, accounts payable, US, North America

Late payments on the dot – how to change the game for SMEs

21 Feb 2019 | Expert Opinion

Anders la Cour, Banking Circle CEO, looks at the impact of late payments and the potential solutions for struggling SMEs

Anders la Cour, Banking Circle, banking, fintech, late payments, SME, Intuit, Prompt Payment Code, Small Business Commissioner, UK, Europe

UK Government urged to take stronger action on late payment

20 Feb 2019 | E-invoicing, SCF & E-procurement

The Federation of Small Businesses has set out recommendations for the UK Government to decrease late payment and supply chain bullying.

UK Government, The Federation of Small Businesses, supply chain finance, late payments, UK, Europe, Fair Pay, Fair Play

What hope is there to beat friction in accounts payable departments?

27 Nov 2018 | Expert Opinion

Connie O’Brien, Tungsten Network: Automation is the first step towards eliminating paper, duplications and errors, while saving time, money and countless headaches

Connie OBrien, Tungsten Network, expert opinion, accounts payable, invoice, automation, late payments, supply chain finance

Late payments force UK SMB owners to use emergency finance

07 Nov 2018 | E-invoicing, SCF & E-procurement

New research from GoCardless, the payments company, has revealed that 56% of UK business owners have had to use personal or emergency finance to pay for business expenses due to late payments.

Late payments, research, finance, SMB, GoCardless, cash flow

UK late payment culture shows signs of improvement

23 Oct 2018 | E-invoicing, SCF & E-procurement

Tungsten Network has revealed that the time it takes to pay suppliers across the UK has improved by 14%, with payments taking on average 42 days in 2018 compared to 49 days in 2016.

Tungsten Network, late payments, suppliers, UK, e-invoicing, businesses