London, 4 September 2014 – The EU Directive on Late Payments promises to improve the timeliness of payments for small and midsize European suppliers. While this resolution benefits companies that need to be paid sooner, it stresses companies that need to extend payment terms. How can this apparent conflict be resolved? And what part can ethical supply chain finance play?
Based on Aite Group interviews with managers from European midsize companies in 2013, this Impact Note identifies the new practices that define ethical SCF and demonstrates how ethical SCF facilitates the implementation of the EU Directive on Late Payments.
This 31-page Impact Note contains 14 figures and four tables. Clients of Aite Group's Wholesale Banking & Payments service can download this report.