Buy now pay later for business – big changes ahead for procurement
BNPL for business means firms buying online could get instant extended credit, even for large purchases. And it could lead to wider changes in procurement.
Amid unprecedented turmoil, businesses become stable by adapting to change, not resisting it. The buzzword is "resilience" - and SMEs have some inbuilt advantages.
Business energy contracts renew in April or October, making them crunch months for firms with high energy usage. Businesses need to be prepared for customers to fail.
Many businesses may run low on cash at the beginning of 2022, due to a long list of problems including a sharp rise in late payments. Cash flow forecasting is essential.
