Bibby Financial Services Releases Protection Against Late Payments Guide.
M2 EQUITYBITES-September 15, 2017-Bibby Financial Services Releases Protection Against Late Payments Guide
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Bibby Financial Services (BFS) has published a guide on how small and medium-sized businesses (SMBs) can find alternative ways to protect themselves from the impacts of unpaid invoices and increase their cashflow, the company said.
A recent survey shows that 94 percent of American businesses experience late payment by their customers and nearly half of all invoices were paid past the due date.* For SMBs who withstand millions of dollars in outstanding invoices, waiting to get paid makes it hard to cover costs and keep their businesses moving. BFS's guide, Get Paid On Time: How to Protect Your Business Against Late Payments, outlines the three classic options for dealing with late payments and proposes alternative solutions that allow SMBs to focus on running their business and not chasing payments owed.
Bibby Financial Services is an independent financial services partner to more than 10,250 businesses worldwide providing more than USD 1.25 billion in funding annually and handling USD 11.6 billion in annual client turnover globally. With over 44 operations in 13 countries spanning Europe, North America and Asia, we provide asset-based lending and factoring solutions to help businesses grow in domestic and international markets. Established in 2001, Bibby Financial Services North America has seven offices in the US and Canada that support businesses in virtually any industry.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 15, 2017|
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