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Research has shown that small and medium sized enterprises (SMEs) are more interested in early settlement than in being extended additional credit and, particularly in tough economic times, that cash flow is the key to these businesses’ survival. Local authorities can improve local SMEs' prospects and thereby their own local economies by: - encouraging procurement to focus on local businesses
- getting invoices flowing into accounts payable as soon as possible
- using purchase card payments and a purchase card programme to ensure quick payments to suppliers and enhance SMEs cash positions and thereby viability.
Ticon are experts in local government procurement and transactions. We offer a range of services that can help local authorities drive spend into the local economy, including analysing local procurement policies, identifying SME suppliers, identifying procurement card capable merchants and accelerating the payment process. |
Purchase Cards 
An overview of how local government can support local Small to Medium sized enterprise suppliers and thereby the local economy. 
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