SMEs must manage cash flow better to survive after the reopening
Scarred by the lockdown, suppliers now want payment upfront while customers demand extended terms: a problem is brewing in B2B payments and receivables.
As businesses around the world emerge from lockdowns and hope to rebuild their revenues back towards normal, there’s a new alternative data source to track every step of the journey.
Sidetrade, a provider of artificial intelligence-driven software for companies to accelerate their receivables, has a tracker for overdue payments from other businesses. It draws on a data lake of 26 million invoices, in aggregate worth €54 billion, submitted between 3.7 million businesses across six European countries: France, UK, Spain, Italy, Belgium and the Netherlands.
That group includes all the countries hardest hit by the pandemic.