United Kingdom: Credit Control and Cashflow

For accounts payable (AP) providers and platforms, delivering a seamless customer experience is crucial. Yet, a significant pain point for many users is the lack of payment visibility. When customers don’t have clear insights into their payment statuses, it can negatively impact cash flow management, budgeting, and reconciliation. Addressing this issue isn’t just a matter of convenience – it’s essential for fostering trust and loyalty.

If there's one aspect of running a business that's sure to frustrate, enrage and even keep business owners up at night, it's late payments.

In the current climate stories are emerging daily of situations where suppliers can no longer obtain credit insurance in respect of particular customers.