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How digital payments can eliminate late payments for construction businesses
Payments can be complex for construction businesses, especially when contractors, suppliers, and subcontractors are involved. These parties often have different payment terms and schedules, which can cause confusion and delays in payment processing. This is why the industry needs to prioritise digital payment solutions to eliminate payment friction.
How to check free business credit scores online
In the world of business-to-business (B2B), it can be a challenge to manage late payments from customers. However, one proactive solution to minimise such occurrences is to assess the business creditworthiness of your customers based on their business credit score. In this article, we’ll explore a free option for checking business credit scores to help you get started.
The complete guide to managing and preventing bad debts in B2B
B2B businesses face several challenges when collecting outstanding payments from delinquent customers. Developing a well-structured process, leveraging digitization, and upgrading your teams’ resources and capabilities can maximize recoveries and prevent bad debts. With an increased focus on debt management, companies can reduce high costs and lost income and enhance customer focus, customer engagement, resilience, and profits.
