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
The Wait Watchers Show Episode 6 - Driving P2P Transformation by getting to “good” supplier data
Good Business Pays research is revealed in this episode that shows almost half of Accounts Payable professionals in the largest companies in the UK are not confident about the accuracy of the supplier data held in their company ERP and Procurement/Finance systems. Getting accurate data about all aspects of your suppliers across multiple ERP and data sources is vital to support an efficient P2P (procure to pay) process.
Good Business Pays has teamed up with Previse to solve this issue with Supplier Track - a new way to analyse and report of complex and multiple supplier and payment systems to provide a single golden thread or source of truth about your supply chain. In this episode, Alan Marsh from Previse explains how.
For more information, including company payment data, resources and campaign information, visit goodbusinesspays.com
