How Technology Can End the Late Payment Crisis Costing UK Businesses £11 Billion
Late payments have become so common that many businesses simply accept them as part of commercial life. But should they? In this episode of Tech Talks Daily, I speak with Pat Bermingham, founder and CEO of Adflex, about why late payments continue to cost the UK economy an estimated £11 billion every year, why thousands of businesses fail because of cash flow pressures, and how technology could help change payment behavior rather than simply respond to it. Pat argues that late payments are rarely an administrative accident. In many industries they have become an informal financing mechanism…
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