In their business payments barometer published in June, Bottomline Technologies, a company that provides digital payment solutions for a number of different industries, found that 92% of financial decision-makers surveyed admit to paying suppliers late.
What’s not surprising is the fact that businesses pay their suppliers late.
What is surprising, however, is that 92% of those surveyed admit to it.
For small businesses, delayed payments can be a question of life or death: according to data compiled by the Federation of Small Business, 50,000 small companies in the UK fail each year because of clients that pay their invoices too late.
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