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Cashflow - incentivising early payments to strengthen supply chains
Manage episode 342312175 series 3314881
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In this episode, our Network Development Manager, Matt Blakeley, talks to Ant Persse, chief executive of Saltare, about how they're working with SMEs to incentivise early payments along their supply chains to reduce late payments and keep cash flowing between businesses.
It is estimated that 82% of businesses fail not because of lack of profit, but through lack of cash. Yet, studies suggest UK SMEs are currently waiting on almost £200bn tied up in unpaid invoices.
Saltare is one of the Smart Manufacturing Alliance's partners, and members can get access to Saltare's innovative payment systems that incentivise early payments so that businesses can strengthen their working relationships and boost their growth thanks to more secure cashflow.
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