|White Paper: Duty to Report Payment Practices

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As of April 2017, large UK companies will have to start reporting on their payment practices. Throughout this whitepaper, we explore what the requirements are, what you need to prepare for, and the benefits of getting your payment practices in order, beyond just compliance.

White Paper Extract

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New Legislation - Discover Duty to Report and How this will Affect You

As of April 2017, large UK companies will have to start reporting their payment practices. The Duty to Report applies to UK companies and UK subsidiaries that meet two or more of the following criteria: 

 

1. £36 million annual turnover 

2. Over £18 million balance sheet total 

3. Over 250 employees

 

Discover in this whitepaper, how this new UK legislation is going to affect you, what you need to do to prepare for it, and the benefits you'll receive by getting your payment practices in order.

  •  Discover who is required to report
  • ✓ Find out what must be report
    • ✓ The consequences of non-compliance
      • ✓ Interview with Philip King - CEO of Chartered Institute of Credit Management 

ITESOFT | W4 solution benefits

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Maximise the performance of your supplier relations

DISCOVER STREAMLINE FOR INVOICES
  • Reduced cost and time management
  • Compliance with legislation and audit trail
  • Reduction of errors and risk of fraud