The Impact of Late Payments on SME's | Total Processing
What are you looking for?

The Impact of Late Payments on SME’s

A few late payments here and there may not seem like a big deal. But, when you’re a small to medium business, these late payments can be critical. This is especially apparent with larger payments as this affects their cash flow at a greater rate.

Late payments can have a detrimental effect on businesses as well as the economy. A negative knock-on effect can occur as late payments to SME’s means they do not have the capital to pay their own creditors on time.

Healthy cash flow is an important factor for growth as well as debt management. Strong cash flow provides the foundations for a business to invest in growing the business further. Disturbances to cash flow can also effect forecasting and the potential of investors wanting to invest in your business.

Timely payments help maintain a healthy business, so how do you achieve it?

Looking for more information?

About Us

We’re a team of experienced, friendly professionals who pride ourselves on our unique combination of technical expertise, business acumen, and fantastic customer service. Established in 2015, the team at Total Processing works closely with businesses of all shapes and sizes to create finely tuned advanced payment solutions that result in tangible improvements to revenue and online conversions.

Total Processing Limited

Address: Ground Floor, Adamson House, Towers Business Park, Wilmslow Road, Didsbury, Manchester, M20 2YY

Phone: 0330 122 6418