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Late Payments' Impact on Businesses
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Late B2B payments pose significant challenges for businesses across various industries, particularly in construction, healthcare, and retail. Real-time payments and financial solutions like real-time rails and automated claims management are crucial for mitigating the impact of late payments, with a significant percentage of businesses seeking real-time transaction partnerships with FinTechs.
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How can governments or regulatory bodies support businesses in addressing the challenges posed by late payments and promote timely payments?
How might the shift towards real-time B2B payments impact the efficiency and operations of businesses across different sectors?
What are the potential long-term effects of late payments on the financial health of businesses and their relationships with suppliers?
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