PROMPT PAYMENT CODE
Times have been tough for SMEs over the last few years but add slow payment of invoices into the mix and it can really push cashflow to the absolute limit.
Knowing how much we appreciate a promptly paid bill, d3a have taken the step of signing up to the Government's Prompt Payment Code and has a 30 day payment procedure in place.
The main ethos of the scheme is fairness and communication - paying suppliers on time, within agreed terms. It's also monitored and enforced by the Prompt Payment Code Compliance Board - so it's not just hot air.
You can find out more about this useful scheme and how to play your part in easing up the supply chain here