Financial Times: RBS offers businesses way to save by paying suppliers early

October 12, 2014 Keith Chapman

The Royal Bank of Scotland has partnered with Taulia in order to offer RBS’ corporate customers with the chance to pay their suppliers early and save millions of pounds a year and support the strength of small suppliers, the Financial Times writes.

“The initiative came in response to mounting concern that late payments undermined the stability of small businesses,” writes FT’s Emma Dunkley. “The government is working with the Institute of Credit Management to bolster the voluntary Prompt Payment Code, which more than 1,500 companies have signed.”

Read the entire article in the Financial Times.

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