Good Business Pays TV
We need to come together to stop late and slow payments that hit small businesses and hold back the UK economy.
Good Business Pays CIC was founded in early 2021 as a response to the growing cashflow problems for small businesses in the UK. We shine a light on "what good looks like" in terms of payment culture. To do this, we created the Fast Payer Awards, an annual accreditation and award given to companies that pay their suppliers fast (i.e. in well under 30 days) and pay almost all of their invoices within agreed terms (i.e. more than 95%).
GBP TV aims to highlight the issues created as a result of a culture of late payment, and importantly share good practice from across industry to promote discussion, debate and so we can all learn from the best and encourage others to improve their payment culture too.
Good Business Pays TV
Faster Payments for Business: Interview with ITC Infotech
ITC Infotech is an international IT organisation supplying specialised technology services to some of the biggest corporations in the world. They are also a winner of the 2024 Good Business Pays Fast Payer Awards. They have a long-standing culture of fast and on time payment with a broad range of suppliers and contractors. As Financial Controller, Karan Shukla is responsible for all aspects of their finance and supply chain strategy. Karan describes the payment culture at ITC Infotech, how important it is to their supplier relationships and the complications of delivering services to client who may take 150 days to pay whilst at the same time paying their own suppliers in less than 30 days.. For more winners, visit: https://goodbusinesspays.com/fast-pay...
For more information, including company payment data, resources and campaign information, visit goodbusinesspays.com
