How do late payments at the top of the supply chain affect the entire business ecosystem? Our latest blog, From Top to Bottom, uncovers how payment delays trickle down the contractual chain, affecting every link along the way. With new insights from the Department of Business and Trade, we delve into the effects of late payments - from financial strain on SMEs to the operational disruptions that impact growth and stability. Read the full article to explore proactive steps businesses can take to manage the impact of upstream delays and strengthen their resilience across the chain. ➡️ https://lnkd.in/erQ8yMc3
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Efficiency with Supply Chain Finance and Bank Guarantees In today’s fast-paced global economy, supply chains must operate with trust, efficiency, and reliability. Combining supply chain finance with bank guarantees offers businesses a powerful solution to reduce risks and enhance global trade operations. Here are 10 key points on how these financial tools can transform your supply chain: 1. Improved Cash Flow: Supply chain finance allows suppliers to receive payments faster, enhancing liquidity and business growth. 2. Reduced Payment Delays: Bank guarantees ensure payments are made on time, reducing the risk of delays in cross-border trade. 3. Boosted Trust Between Parties: Buyers and suppliers can confidently trade with the financial security offered by bank guarantees. 4. Minimized Risk: Bank guarantees protect all parties by covering financial obligations in case of defaults or delays. 5. Efficient Transactions: By streamlining payments, supply chain finance and bank guarantees ensure smoother, faster transactions across borders. 6. Increased Transparency: These solutions foster a more transparent supply chain, where financial obligations and agreements are clear. 7. Cost Reduction: Supply chain finance programs can lower financing costs, benefitting both buyers and suppliers. 8. Global Scalability: These tools help businesses expand globally by ensuring that supply chains remain secure and efficient across different markets. 9. Stronger Relationships: With guaranteed payments, businesses build stronger, long-term relationships with their global suppliers and partners. 10. Competitive Advantage: Companies using these financial tools can operate with greater speed, trust, and reliability, giving them an edge over competitors. Enhance your global supply chain operations with supply chain finance and bank guarantees. #SupplyChainFinance #BankGuarantees #GlobalTrade #SupplyChainManagement #Fintech #BusinessSolutions #Logistics #CrossBorderTrade #FinancialSecurity #SupplyChainEfficiency
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Enhancing Global Supply Chain Efficiency with Supply Chain Finance and Bank Guarantees In today’s fast-paced global economy, supply chains must operate with trust, efficiency, and reliability. Combining supply chain finance with bank guarantees offers businesses a powerful solution to reduce risks and enhance global trade operations. Here are 10 key points on how these financial tools can transform your supply chain: 1. Improved Cash Flow: Supply chain finance allows suppliers to receive payments faster, enhancing liquidity and business growth. 2. Reduced Payment Delays: Bank guarantees ensure payments are made on time, reducing the risk of delays in cross-border trade. 3. Boosted Trust Between Parties: Buyers and suppliers can confidently trade with the financial security offered by bank guarantees. 4. Minimized Risk: Bank guarantees protect all parties by covering financial obligations in case of defaults or delays. 5. Efficient Transactions: By streamlining payments, supply chain finance and bank guarantees ensure smoother, faster transactions across borders. 6. Increased Transparency: These solutions foster a more transparent supply chain, where financial obligations and agreements are clear. 7. Cost Reduction: Supply chain finance programs can lower financing costs, benefitting both buyers and suppliers. 8. Global Scalability: These tools help businesses expand globally by ensuring that supply chains remain secure and efficient across different markets. 9. Stronger Relationships: With guaranteed payments, businesses build stronger, long-term relationships with their global suppliers and partners. 10. Competitive Advantage: Companies using these financial tools can operate with greater speed, trust, and reliability, giving them an edge over competitors. Enhance your global supply chain operations with supply chain finance and bank guarantees. #SupplyChainFinance #BankGuarantees #GlobalTrade #SupplyChainManagement #Fintech #BusinessSolutions #Logistics #CrossBorderTrade #FinancialSecurity #SupplyChainEfficiency
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Time is money, but in business, timing IS money! Late payments aren't just an inconvenience - they're disrupting entire supply chains and putting smaller businesses at risk. Want to understand the real impact of payment delays? Read our eye-opening analysis on the link below: 👉 https://lnkd.in/dEVDwbMz #BusinessPayments #CashFlow #SupplyChain
How late payments affect suppliers
https://liquiditas.com
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Discover how supply chain finance can transform your business. Mike Brandon, MD of Merchant West Working Capital Solutions, explores the evolving South African market and the crucial role of liquidity management. From pre-1994 isolation to post-pandemic challenges, this article highlights the importance of innovative supply chain finance solutions. Click the link to read the article: https://lnkd.in/dqVvwjwJ #merchantwest #workingcaptial #cashflow #supplychain
Keeping the Cash Flowing: Strategies for Supply Chain Finance
https://merchantwest.co.za
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The European Payment Report 2024 highlights several negative trends surrounding payment behaviors across Europe. A key issue is the continued challenge of late payments. European businesses, on average, lose over 25% of their working year (73 days) chasing these delayed payments. Furthermore, businesses across Europe have an estimated €10.5 trillion in outstanding receivables, reflecting substantial liquidity pressure. Another worrying sign is that over half of European businesses report paying their suppliers later than they would find acceptable from their own clients, a gap that hinders trust and creates further payment delays. Despite growing optimism about economic recovery, many businesses are cutting costs at record levels, which could exacerbate these issues. Almost 40% of executives fear that if they don't adapt to the evolving payment landscape, they risk going out of business within five years This paints a concerning picture, especially as businesses attempt to manage liquidity while facing slow payments and increased financial risks.
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Did you know that almost 9 in every 10 businesses around the world are typically paid late? 💰🌎 In The 2022 late payments report, Chaser gathered insights from hundreds of businesses around the world on the severity of late payments and the best ways to reduce them 💡 Learn more about late payments in 2022 here 👉 https://hubs.li/Q02p4Vhs0 #latepayment #report #accountsreceivables
The 2022 late payments report
chaserhq.com
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Exploring the evolution and strategic impact of #SupplyChainFinance, this article offers valuable insights into optimizing working capital and enhancing supplier relationships. Highly recommended for professionals seeking to navigate the complexities of global trade and finance. Read more ⬇
Supply Chain Finance: Industry review and outlook 2023/2024
https://liquiditas.com
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Why Your Business Should Embrace Payment Choice Does your business offer payment choice? The latest BRC Payments Survey reveals that cash remains a vital part of the UK economy, accounting for nearly 20% of all transactions, a year on year rise from 2022. This highlights a crucial point: maintaining a variety of payment methods for the consumer is key to success for businesses. Key findings from the survey show some interesting insights: 👉 Financial inclusion: Millions of UK adults rely on cash for daily transactions, especially many vulnerable groups including the elderly, those with low incomes and rural residents 👉 Cost-effectiveness: Cash is the most cost effective payment option for businesses compared to card and other alternatives 👉 Business continuity: Cash provides a reliable backup during technical and network outages, ensuring uninterrupted business operations 👉 Customer loyalty: Offering payment flexibility enhances customer satisfaction. Cash usage has risen for the second year in a row, so ensure your business is giving consumers the choice they want! Check out the full Payment Survey 2024 report here: https://ow.ly/yIyQ50Uo5Az Smart safe solutions can further streamline cash processes and reduce cost. Contact G4S today to learn more about our cash solutions: https://ow.ly/gOB750Uo5AA #cash #payments #retail #business #fintech #financialinclusion #customerloyalty #G4SCashSolutions
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Tomorrow's market leaders are already building cross-border payment infrastructures that turn traditional friction points into strategic advantages. For daily news and analysis subscribe to the https://lnkd.in/gyZxyrAP newsletter. #CFO #FinanceLeadership #Business
Why global payments cost more than you think
https://www.fintechfutures.com
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More than 80% of businesses, especially SMEs, are hit by payment delays, which negatively impact their growth, innovation and employment capabilities. To try and combat the issues of late payments, the Internal Market and Consumer Protection Committee (IMCO) has created the Late Payments Regulation. This new regulation was created with the aim of improving payment culture and creating a better business environment for all. Click here to read all about it: https://bit.ly/3QjM43Z #SME #LatePayments #PaymentDelays #BusinessGrowth
Combatting late payments is not an option, but a... - Renew Europe
reneweuropegroup.eu
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