Suomen Yrittäjät calls for the immediate establishment of a supervisory authority to monitor compliance with the Payment Terms Act.
Nearly one third of SMEs say their contract partners have extended payment terms.
In its small business package, the Government is promising improvements to business-to-business (B2B) payment terms and micro-enterprises’ access to finance.
“Treating small machinery contracting companies as banks by extending payment terms is a breach of the Payment Term Act,” says…
Industry and construction businesses particularly suffer from their business partners’ long payment terms. “The way it’s done in Finland is…