Are long payment terms systemic? And how do you battle them?

While in the past invoices were fast and punctual, today a new norm has materialised. And for small businesses, it can seriously disrupt cash flow. Long payment terms are becoming an archetypal model for an increasing number of small businesses across the UK, and it’s...

What are payment terms?

What Are Payment Terms? Payment terms are the rules imposed by suppliers on their customers to ensure that payment for the goods or services provided is received within an agreed time frame. Payment terms range in their length but are generally between 30-60 days. To...