SupplierPay

[Editor’s Note: Today, the second day of 2015, we wrap up our best of 2014 series with our look at the U.S. government’s SupplierPay pledge, which originally appeared on August 25.] On July 11, President Obama announced the SupplierPay pledge. Based on the federal government’s QuickPay initiative, which is designed to pay small federal suppliers more quickly, the [...]

Six weeks ago, President Obama announced the voluntary SupplierPay initiative. Already this week, we’ve gone over why the pledge matters in the first place and the technology tools that could make it happen, but I find myself wondering if this pledge means small businesses will actually get paid sooner or not. What is this SupplierPay [...]

On July 11, President Obama announced the SupplierPay pledge. Based on the federal government’s QuickPay initiative, which is designed to pay small federal suppliers more quickly, the SupplierPay pledge is a voluntary agreement that 26 large companies signed onto, stating they would either pay their small suppliers faster than they currently do or provide access [...]