Businesses can now manage their organisational structure in the Payment times portal. Authenticated users can manage a range of tasks through a single login including:
The Payment Times Reporting Scheme requires large businesses to report on their payment terms and practices to small businesses.
Setting up the organisational structure allows entities to submit reports on behalf of any entities in their group. This streamlines reporting for large corporate groups.
Businesses will need to register within the portal to access this feature. Large businesses already registered for the Scheme will be able to access the feature through their homepage.