Prompt pay pays off: Challenging a culture of late payments to suppliers

Terry Corby, Founder and CEO of Good Business Pays CIC, discusses an often under-estimated aspect to maintaining a healthy supply chain and fostering innovation: prompt payment.

In this episode, Terry and host Simon Lipscomb discuss:

• The consequences of late payments to suppliers in the UK, including pushing 50,000 small businesses into closure every year
• The benefits of faster payments for purchasing organisations
• How Good Business Pays is using payment data to change the behaviour of the worst slow payment offenders
• The UK Government's response to the issue, and what a change of government might mean for slow payers

Listen to the podcast below: