Taulia’s global Supplier Sentiment Survey, which has been conducted since 2014 – with this year marking a decade since it launched – collected the views and insights from 11,300 businesses across its global network in over 130 countries.

When asked about business’ top motivations for wanting early payments, more than half (52%) said their main motivation was to address cash flow gaps. Other top reasons include:

• Optimizing working capital – 31%, up from 26% in 2022

• Ensuring payment predictability – 27%

• Ease of use – 14%

• Reducing Days Sales Outstanding (DSO) – 11%

While the survey revealed the desire for early payments is increasing, it also highlighted that businesses’ continue to exhibit poor payment practices. Only 44% receive payment on time, and just 3% are paid before the due date.

Bob Glotfelty, Chief Growth Officer at Taulia, commented: “In the current landscape of supply chain disruptions and a challenging inflationary environment, it is unfortunate to see late payments on the rise. Now more than ever, access to working capital solutions is crucial. Not only does it provide businesses with much-needed liquidity and payment flexibility, it also supports them in their day-to-day operations.”