Credit checking

£55bn in late payments shows why SMEs need credit checking

Blink and you can miss a telling statistic. In this case, it’s a figure published by Sage Pay in January. The payment service provider found that small and medium sized enterprises in the UK are owed more than £55 billion in unpaid or outstanding invoices. That’s a truly shock statistic alongside the finding that 67% of SMEs use paper invoices and spend the equivalent of two weeks a year chasing unpaid invoices. For
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