UK technology company pledges to help businesses in Hemel Hempstead struggling with late payment

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The company is launching an initiative to help businesses in Hemel Hempstead get their invoices paid

UK technology company itsettled is looking to help Hemel Hempstead businesses that are struggling under the burden of late payment.

As part of its #GetTheUKPaid initiative, the firm is giving 1000 SMEs the opportunity to use its automated payment collections platform for free.

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The pledge follows the Government’s announcement last week, that Liz Barclay, the new Small Business Commissioner, will be leading a crackdown on late payments to small businesses when her term begins on 1 July.

#GetTheUKPaid initiative#GetTheUKPaid initiative
#GetTheUKPaid initiative

Delayed invoices have become a huge headache for companies across many industries, with the coronavirus pandemic further exacerbating the problem. Currently, there is over £50 billion owed in late payments to UK Businesses.

Glen Morgan, CEO at itsettled said: “We welcome the government’s news that tackling the UK’s late payment problem will be a top priority for the new Small Business Commissioner.

"Having worked closely with both previous commissioners, we look forward to continuing this strong relationship with Liz and her team.

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“Although there’s light at the end of the tunnel for many businesses with the government’s announcement last week and the easing of COVID restrictions, we wanted to do something to help those struggling with cash flow issues today.”

Those interested in signing up can visit the itsettled website.