7 in 10 companies face cash flow issues due to late payments:
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With many companies facing cash flow issues due to late payments, the Singapore Business Federation is proposing the development of a supplier payment system. This will be part of its Budget 2020 recommendations and aims to help companies process payments faster. Michelle Teo reports.
One of the solutions is to adopt cloud accounting and be in a position to know the status of your cash flow and business profitability at your finger tips.