Businesses, suppliers and consumers prefer to transact with businesses that pay their invoices on time.
By pledging payment certainty under the Prompt Payment Code, you can:
- Enhance your reputation which makes you more attractive to suppliers.
- Build strong relationships with suppliers by providing cash-flow certainty.
- Secure better terms from your suppliers, for example, it makes you the ideal customer to offer a discount.
- Avoid late interest and compensation payments.
- Demonstrate good Corporate Social Responsibility: By agreeing to timely payment you are contributing to the local and national economy, helping to keep small businesses in operation and helping to maintain and sustain employment.