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