Blog post -
Australia’s government to speed up payments, but will this solve late payments to SMEs?
The government in New South Wales will pay their suppliers in five days, down from 20 days. They are stepping up to plug the cash flow gap, but does it help late payments to SMEs?
RIABU’s Simon Littlewood tells Mark Laudi that big businesses need to step up and pay small businesses faster, and if automation and technology will help companies get paid faster.
Click here to listen to the full podcast.
RIABU helps companies of all sizes – but especially SMEs – be first in line to get paid. We provide you with insights into the past payment conduct of prospects and customers, and how long they are likely to take to pay their invoices, based on the experiences of other suppliers. RIABU also helps you to get paid on time in the future, by giving you access to the RIABU Academy. There you can find expert advice, best practice guides, and peer forums to improve your policies and processes and ensure you get paid faster.