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Paying suppliers on time can really pay off

September 2018

Failing to pay suppliers on time can be very expensive for authorities, as tighter legislation means all unpaid invoices must be reported and may incur a minimum late payment fee of £40 plus interest at 8% above the base rate.

Some authorities apply a 30-day payment policy to all suppliers, but the precise start date for that period is often open to interpretation. Combined with overstretched employees and systems, this can leave councils vulnerable to late payment charges.

International trade – Uncovering opportunities and hidden risks

It is important that before companies commit energy and resources to seeking out new export business, they undertake through research to assess both the advantages and disadvantages of entering new markets.

Trade and Working Capital Podcasts

Our series of podcasts presents expert views on uncovering the landscape of international Trade and Working Capital, in addition to providing insights on the available opportunities and best practices.