As of April 2017, large UK companies had to start reporting on their payment practices. In doing so, this is going to have a large effect on their reputation with suppliers in either a positive, or negative way.
With organisations having to go into great detail about their payment practices including how many days taken to settle an invoices and the percentage of payments made within contracted terms, this could have detrimental effect on what suppliers think of your organisation in terms of trust and reliability.
During our webinar, Nick Dunnett - Managing Director of ITESOFT UK explored:
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