Sections
late payments
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1.7KB2B PaymentsB2B Payment Terms In Flux Amid Market Volatility
Cash flow has never been more critical to businesses as it is right now, and both the private and public sectors are...
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2.5KB2B PaymentsAccounts Receivable Looks Inward To Combat Late B2B Payments
Growing awareness of the cash flow pain caused by late B2B payments has led to increased calls to incentivize, and in some...
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3.2KCoronavirusHome Loan Defaults Could Decimate Mortgage Servicers
The Mortgage Bankers Association (MBA) is concerned that deferred and late mortgage payments due to lost jobs and reduced hours caused by...
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2.6KB2B PaymentsChevron Chided For Aussie Early Supplier Payment Program
An early payment scheme by U.S. energy giant Chevron has been derided as opportunistic by Australian suppliers, according to a report by...
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4.5KCoronavirusFord, Goldman Let Customers Skip March Loans, Credit Payments
Goldman Sachs has announced that customers of Marcus, its online bank, as well as Apple Card customers can have an additional month...
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1.3KB2B PaymentsGovernments Step In To Quell Late Supplier Payments Pain
To provide relief to small suppliers as the coronavirus continues to squeeze supply chains and rock cash flows, U.K. grocery giant Morrisons...
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4.5KB2B PaymentsQuickBooks Deepens PayPal Integration For SMB Payments
QuickBooks Connect, an event planned this week in London, was canceled due to the coronavirus, so parent company Intuit has released information...
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1.8KB2B PaymentsReconciliation Troubles, Supplier Inexperience Exacerbate Late Payments
Late payments are a reflection of a broader challenge in B2B payments: Large corporate buyers can wield their market power with small...
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3.4KB2B PaymentsMaking Cash Flow Management A Priority For Young Firms
Late payments are a pain point for businesses everywhere, but the U.K. has emerged as an epicenter in the fight against ever-expanding...
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3.2KB2B PaymentsSuppliers’ Late Payments Woes Expand Across Borders
Small businesses’ late payment pains know no borders. This week’s B2B Data Digest uncovers the global cash flow threat of extended supplier...
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2.5KB2B PaymentsBombardier In Trouble Over Late SMB Payments
Canadian multinational manufacturer Bombardier, criticized over its late payments to suppliers, must review its payment practices, according to reports. An investigation by...
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7.3KB2B PaymentsFinServ Starts To Draw The Line Between Freelancer And Small Business
Small business owners have historically faced a unique challenge in the banking world: Financial institutions (FIs) can sometimes fail to clearly define...
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2.4KB2B PaymentsAR-AP Connectivity Forges Deeper Buyer-Supplier Ties
Innovations in accounts payable (AP) and accounts receivable (AR) have introduced new technologies to sit between buyers’ and suppliers’ systems for deeper...
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4.5KB2B PaymentsReverse Factoring’s Late Payments Controversy
The conversation surrounding late supplier payments is proliferating as new controversies emerge about the impact of reverse financing on supplier payment practices,...
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7.8KB2B PaymentsAccounting Firms MYOB, Xero Eye Invoice Finance Solutions
Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees...
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3.7KB2B PaymentsAccelerating Accounts Receivable Starts With The Invoice
Late payments are a threat to any business, but especially for smaller firms, longer days sales outstanding (DSO) timeframes can be a...
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2.4KB2B PaymentsProposed UK Bill Aims To Crack Down On Late Payments
Labor peer Lord Jonathan Mendelsohn, a member of the House of Lords of the British Parliament, has introduced a bill to combat...
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3.2KB2B PaymentsLate Payments Cause Cash Flow Pain From UK To India
Among other strategies, the U.K. has enlisted a name-and-shame approach to late-paying corporates. Yet analysts agree that the late B2B payments problem...
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5.0KB2B PaymentsCannabis Startup Eaze Struggles To Pay Vendors
Once calling itself the “Uber of pot,” Silicon Valley cannabis startup Eaze is struggling to pay vendors as it searches for a...
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3.1KB2B PaymentsAPIs Pull Double-Duty With AP, AR Automation
Solution providers in accounts payable (AP) and accounts receivable (AR) are increasingly servicing not only their corporate customers, but their customers’ own...
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3.5KB2B PaymentsHow SMBs Can Address Late Payments — Before They Happen
Few small businesses (SMBs) are immune to the risk of delayed and late payments. With payment terms an age-old practice in B2B...
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5.7KB2B PaymentsFinTech Steps In As Invoice Payment Wait Times Inflate
When it comes to late B2B payments, there’s good news and bad news. The good news stems from the U.K., where new...
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3.2KB2B PaymentsUK Government Awards Contract Despite Contractor’s Bad Credit
The U.K.’s Crown Commercial Service (CCS) announced that Britain’s biggest construction company Balfour Beatty would be hired, even though it was among...
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8.3KB2B PaymentsWhy B2B Payments Should Take A Page From B2C’s Playbook
Call it a tale of two payments trends. Or: It was the best of cash flows. It was the worst of cash flows....
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2.7KB2B PaymentsUK Government Criticized For Late Payments Czar Ousting
Weeks after the sudden departure of U.K. Late Payments Czar Paul Uppal, the government is facing backlash for failing to clarify why...
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2.9KB2B PaymentsFinding The Right Incentives For Faster B2B Construction Payments
Nearly two years have passed since U.K. construction giant Carillion collapsed, but the saga continues to send shockwaves throughout the global construction...
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2.8KB2B PaymentsCannabis Shows Early Signs Of Late Supplier Payments Struggle
The gradual legalization of cannabis in the U.S. and elsewhere has opened up an opportunity not only for new businesses to form,...
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3.1KB2B PaymentsSMBs’ Late Payments Pain Spreads Across Borders
In the fight against late B2B payments, the U.K. is perhaps the most vocal – both about its progress and its struggles....
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4.2KB2B PaymentsXero Highlights South Africa’s Late Payments Surge
New analysis from small business (SMB) accounting platform Xero is calling attention to the late B2B payments epidemic in South Africa. Gadget...
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3.7KB2B PaymentsLate Payments Epidemic Continues To Have Ripple Effects In Europe
The data show that late payments continue to have significant impact across the UK – and firms are devoting at least one...
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2.3KB2B PaymentsIn Australia, Late Payments Hit SMBs During Holiday Season
Late payments have hit Australian firms across several verticals — with a notable impact across the transport industry. The practice of supply...
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2.4KB2B PaymentsAustralian Government Launches Supply Chain Finance Probe
The Australian government has launched an investigation into the supply chain finance market and the impact of the financing tool on small...
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3.9KB2B PaymentsReverse Factoring Intensifies The B2B Late Payments Debate
The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB)...
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2.8KB2B PaymentsXero, GoCardless Enable Recurring Payment Collection For US SMBs
Small business cloud accounting firm Xero is strengthening its partnership with U.K.-based recurring payments solution provider GoCardless to expand their offerings to...
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2.6KB2B PaymentsHow Smart Contract Tech Moves To Lower Freight Factoring Costs
When it comes to B2B payments’ late payment problem, the root of the matter can often be traced to a lack of...
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1.6KB2B PaymentsSmall Business Advocates Decry Exit Of SMB Commissioner Uppal
U.K. Small Business Commissioner Paul Uppal will step down from the position due to a conflict of interest, according to The Times....
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3.0KB2B PaymentsIn Australia, Late Payments Under Govt Microscope
Australia’s federal Labor Party has issued calls to scrutinize late payment practices that it has said are “unfair” to small and mid-sized...
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2.6KB2B PaymentsKanye Heads To Court In Late-Pay Battle While Aussie Receivables Accelerate
Two separate studies show that in Australia, late payments are receding a bit. There still is much room for improvement, however. And, separately,...
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4.5KNewsTop News In Payments: Trulioo Notches $70M In New Funding; Square Rolls Out EIN Assistant
Today in the payments news roundup, Trulioo has notched $70 million in new funding. Also, Square has announced a tool to aid businesses...
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2.4KB2B PaymentsAussie FinTech 3Pay Launches Invoice Finance Operations
Australian FinTech 3Pay has launched operations, connecting businesses to an invoice financing solution designed to support cash flow and prevent small businesses...
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3.8KB2B PaymentsReport: Trade Credit’s Burden Hits 50 Pct Of US SMBs
Paying a merchant with a promissory note is an antiquated concept at a time when consumers’ wallets — both the physical and...
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2.7KB2B PaymentsNew Zealand Sees Rise In Late Payments From Larger Firms
Late payments are not just a UK problem. Research from illion shows that big firms in New Zealand are taking longer to pay...
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2.5KMobile ApplicationsRappi Delivery App Subject To eCommerce Regs In Colombia
Colombian regulators have demanded that delivery app Rappi comply with electronic commerce laws, and has also launched an investigation into the app...
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4.3KB2B PaymentsTurvo Launches Automated Supply Chain Payments Tool
Real-time logistics collaboration platform Turvo is rolling out its payments solution, Turvo Pay, to automate payments down supply chains. In an announcement...
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5.6KB2B PaymentsWhy Communication Is Key To Faster Construction Payments
Late payments are a headache for any industry, but the construction sector has seen some particularly detrimental effects from cash-flow bottlenecks. In...
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5.5KPayment MethodsPayment Plans And The College Affordability Test
Call it the $1.6 trillion challenge. College is a rite of passage for some, a dream for others and a financial challenge...
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5.0KPayment MethodsReport: The Late Tuition Payment Epidemic
Over the past three decades, the cost of college tuition has increased significantly. According to the College Board, the cost of a...
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3.4KB2B PaymentsIn Australia, Regulators Uncork Pressure On Winemakers For Timely Payments
A backlash against lengthy payment terms for grape growers may be fermenting in Australia. Elsewhere, in the U.S., some political campaigns appear to...
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4.8KB2B PaymentsTackling Late Supplier Payments From The Buyer’s Perspective
Cash flow management can be a conundrum for any business, large or small. But when SMB suppliers land a contract with a...
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2.9KB2B PaymentsTardy UK Firms Suspended From Prompt Payment Code
The U.K.’s Chartered Institute of Credit Management (CICM) has named-and-shamed some of the nation’s largest organizations for their habit of failing to...
