Late payment reforms

A practical checklist for business leaders

Late payment legislation is tightening and with it, the pressure on finance teams to demonstrate control, transparency and strong payment practices.

For many businesses, this increases governance and compliance pressure and could expose the issues of aged debt, inconsistent collections processes and limited visibility across the sales ledger.

This 10 point checklist helps you assess your current position, identify areas of risk and understand what needs to change to stay compliant and protect your cashflow.

Use this checklist to assess:

• Whether your overdue debt sits within acceptable thresholds
• If your DSO is aligned with your stated payment terms
• Where exposure exists in invoices over 60–90 days
• How effectively queries are being managed and resolved
• Whether your collections process is proactive or reactive
• Your readiness for increased reporting and scrutiny

(All insights are based on 30+ years improving cashflow across UK industries and delivering structured credit management programmes.)