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Companies Form #paytoday Initiative To Encourage Payment to Suppliers

Companies Form #paytoday Initiative To Encourage Payment to Suppliers

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FintechNews RoundupUSA
··1 min read

A coalition of businesses including Alignable, Fundbox, Gusto, Homebase, Womply, SmallBizDaily.com, Actual.Agency, Business.com and Small Business Edge have announced the #paytoday initiative; the goal is to relieve the immediate and cash flow needs of small businesses; it encourages customers to pay for services they have received as soon as possible; data shows that small businesses are quickly running out of money with 37% of SMB’s having 30 days or less of cash on hand and two-thirds of businesses having less than 60 days of cash; part of this crunch is related to having to wait on receivables; it is expected that many businesses won’t receive money from the stimulus package until May. GlobeNewswire

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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