Small businesses’ late payment pains know no borders. This week’s B2B Data Digest uncovers the global cash flow threat of extended supplier payment terms, with the matter reaching from the U.S. to Australia and beyond. Recent Bloomberg reports, for instance, highlighted the ongoing impact of...
We live in an era when it is possible for a small business with a great product to go global almost overnight, thanks to the power of the internet and mobile commerce. Yet, the opportunities for growth have not resolved the age-old problem of tight...
The Big Four auditing firms — EY, Deloitte, KPMG and PwC — have recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as...
While late payments to small B2B suppliers appears to be a universal challenge, the U.K. has arguably shed the most light on the problem thanks to industry efforts to raise awareness, and regulatory efforts to lower days payable outstanding. But analysis from the U.K.’s BACS...
