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Special Edition:

  • New Small Business Commissioner

  • Benefits of E-Invoicing

  • OSBC - Getting Support

5 minute read

 

Emma Jones CBE starts as Small Business Commissioner

Emma Jones CBE has been appointed by the Department for Business and Trade as the new Small Business Commissioner. Emma joins the Office of the Small Business Commissioner (OSBC) having spent 20 years running the business she founded, Enterprise Nation, which works to support small businesses and founders across the UK. As a small business founder and with years of experience working in the business support landscape, including as SME Crown Representative, Emma brings a wealth of experience to the role.


At a time when business owners continue to show so much resilience, Emma has made clear her commitment to make life easier for small businesses and her priorities in order to do so.


1. Technology adoption 
Leveraging technology to speed up payments and direct founders to relevant finance and support.


2. Public and private partnership 
Results will be delivered
 in partnership with government at all levels, and with industry, with the aim to free up precious time so businesses can focus on what they do best and go for growth.

  

3. Cultural change 
We will celebrate good business through the Fair Payment Code and continue to challenge companies that pay late and engage in unfair practices.    

 

You can track the progress of these goals by reading Emma’s weekly update each Friday. Click the button below to read Emma’s updates from the last 3 weeks. You can also subscribe to receive these directly to your inbox.


Read More on LinkedIn
 

E-invoicing automates the digital exchange of invoices between buyers and suppliers. It eliminates the need for paper invoices and manual data entry, streamlining the invoicing process and reducing errors. The Department for Business and Trade (DBT) recently published figures showing that 24% of surveyed businesses attribute late payment to administrative errors, which can be resolved with e-invoicing. The same research suggests that 10% of invoices submitted in the UK contain errors, slowing down payments and cashflow. Research by Sage indicates e-invoicing can reduce the incidence of late payments by up to 20%.


This month, the Office of the Small Business Commissioner has conducted a series of informal polls looking to understand how small businesses are utilising / impacted by e-invoicing; what are the barriers to and benefits of adoption.


See the results of our polling and a subsequent article on our website that details 5 possible benefits for businesses that adopt e-invoicing by using the buttons below.

See Polling
E-Invoicing Article
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Click the images to see what some of our FPC Awardees have to say about how they use e-invoicing and the benefits to their business.

Awardees
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Keep up to date with Fair Payment Code news by following us on social media.

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At the Office of the Small Business Commissioner, we are always looking to improve our services and the support we offer to businesses. So we have recently published several new resources, such as a Guide to Creating a contract, benefits to e-invoicing, and we’ve updated our Interest Calculator.


To make it easier for you, we’ve brought all our resources, tools and services into one place.


So, whether you want to brush up on your negotiating skills to secure better payment terms in your contracts, need to calculate the interest on an overdue invoice or you’re stuck in a dispute with a large customer over payment, you’ll find free, services, tools and resources relevant to you on the “Getting Support” page of our website. Click the button below. 

Get Support
 
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comms@smallbusinesscommissioner.gov.uk

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