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As many companies, especially smaller ones, face liquidity challenges during their Covid-19 recovery journey, buying organizations are looking for ways to offer their suppliers early-pay finance schemes to alleviate cash flow difficulties. Supporting the supply base to sustain a continuous and seamless trading cycle has become essential for growth, business continuity and innovation, for both parties.
However, for many organizations, finding the right approach poses some difficult questions, and it’s often hard to know where to start.
Fortunately, the market for early-pay finance solutions has matured, and there are a number of different solutions for corporations to consider to support their suppliers with invoice payment
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Summary:
Coming out of the pandemic, many companies are looking to expand. But the question is how to do this in a smart way. Here’s a take on the challenges with expanding on payroll, HR, analytics and more.
The economy is both expanding and reopening in some parts of the world these days. Businesses are adding headcount and opening new sites. Growth is a good thing but it must be done well to be both effective and financially prudent. Poorly planned and executed growth is expensive and painful.
The acid test for many firms when it comes to growth is how well the systems, processes, etc. scale especially when the growth includes new offices, new locations, or new countries. One software vendor intimated that it costs his firm approximately $15 million to open a new office in a new country.