Late payments have long been one of the biggest complaints for small businesses. they sacrifice their jobs. They shut down healthy businesses. They prevent companies from fulfilling their promises, such as paying their employees. People who run small businesses are forced to juggle to make ends meet, which again and again causes sleepless nights and severe mental health consequences.
Xero has been campaigning for years to end this problem.We are now asking you to those who are directly affected by late payments put your name in the campaign that too.
The truth is that late payments should never happen. All they want is for the money they have already earned to be paid. This problem has been around for a very long time and has become part of woodwork. The temptation is to believe that nothing changes.
But that’s not how we see it. For several years, we and many others in the industry have urged governments to do more.
Politicians may finally be starting to take notice of this collective effort. We want our corporate customers and other customers to: sign our open letter.
Labor has said it will force big companies to outline their delinquency performance in their annual reports. The Conservative government is now holding public consultations to consider what can be done to resolve the issue.
We don’t think what they are talking about is close enough. That is why we are sending an open letter to policy makers to promote what we believe is needed to bring about change.
We hope that you will join others and add your weight to the discussion. sign a letter that too.
Big companies would never dream of being late paying their employees.
We believe that to solve this problem, we need to change language and culture. Late payments should be called “unauthorized debts.”
We are talking about money made by small businesses, but very often large corporations keep it without making moral claims.
A Xero study found that 81% of large businesses are more likely to pay their suppliers on time if they consider late payments to be “unauthorized debts.”
Please help us show how important this issue is and what we need to do to fix it. Please sign our open letter.