Well, you are not alone.
More than one-third of small-to-medium enterprises (SMEs) in the United Kingdom are experiencing cash flow difficulties due to late payments.
The National Federation of Self-Employed and Small Businesses also found that late payments threaten one in ten companies, and that nearly 440,000 companies could be forced to close down, thanks to poor payment practices and cash flow.
In today’s unstable economy, how can platforms help their customers avoid becoming victim to cash flow difficulties due to poor payment practices?
In this Insight Report, you will learn:
- The specific challenges inhibiting SME stability and growth
- The benefits of an embedded finance accounting platform
- Insights gleaned from SMEs on how they use embedded finance to mitigate the challenges of poor payments, fraud, refunds, card fees, and chargebacks