Many businesses routinely struggle to pay their suppliers on time, leading to those suppliers wasting precious hours and resources chasing down the payments. This problem is widespread, and it has ...

To counter this, new Nissan CEO Ivan Espinosa is said to be planning massive job cuts and factory closures to dramatically snip costs, and now the next move seems to be deferring payments to suppliers ...

Chrysler has been struggling for most of this year to pay many suppliers on time because of technical snags with a new software system it began rolling out Jan. 1 for about 1,500 of its suppliers ...

Brex reports that efficient invoice processing is crucial for financial health, offering automation to enhance accuracy, save ...

Citing the need to improve working capital, 3M Co. has changed supplier payment terms from 60 to 90 days, according to a form letter sent to some suppliers. "In an effort to remain competitive ...

Delayed supplier payments are a constant issue in the supply chain, particularly for smaller players. The global pandemic has only worsened this problem. Regardless of the product or service, a key ...

The National Treasury exposes shocking figures on late payments by government departments, calling for urgent accountability ...

Instead of paying all of their suppliers on time every month, companies often pay late, which helps them to manage cash and put pressure on suppliers to deliver high-quality goods and services on time ...

"To ensure that supplier operations continue without strain and financial difficulties, government institutions are urged to pay their suppliers on time and not contribute to the dire effects of the ...

The U.K.’s Chartered Institute of Credit Management on Wednesday suspended 18 companies from the Prompt Payment Code, a set of rules governing supplier payments that more than 2,000 U.K ...

Mining and marketing company Assore, which is delisting from the Johannesburg Stock Exchange after 70 years, on Tuesday informed its shareholders that it had taken lockdown steps following the ...