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MobileDevelopment版 - Obama announces program to help small businesses get paid faster, Apple signs on
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发帖数: 1034
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July 11, 2014 11:50 AM
Alexia LaFata
President Obama has launched a new program to ensure that large corporations
pay small contractors in a more timely fashion to increase cash flow
through the supply chain, the White House announced this morning. Twenty-six
corporations have already signed on, including tech giants Apple, IBM, and
Salesforce.
The Obama administration held a meeting with businesses, their suppliers,
and the head of the Small Business Administration this morning to create the
program, dubbed SupplierPay. A program like this one, called “QuickPay,”
has existed since 2011 to ensure that federal employers pay back contractors
in a timely manner, 9-to-5 Mac reports. This new SupplierPay program would
provides a similar guideline for the private sector.
Traditionally, companies take as long as two months to pay their contractors
, but with SupplierPay, small contractors must be paid within 15 days of
submitting invoices.
“For the larger companies, joining SupplierPay demonstrates a recognition
that a healthy supply chain is good for business. For the small business
suppliers, benefiting from SupplierPay means having more capital to invest
in new opportunities, new equipment, and new hiring,” the White House
stated in its release.
The goal of SupplierPay is to help small business avoid borrowing money.
When a large company takes a long time to pay back a small firm, the small
firm can have difficulties paying their own subcontractors or to making
capital investments without accessing credit.
Apple’s backing of the new program is noteworthy. The company has already
pushed supply chain responsibility and releases an annual report that
chronicles enforcement of its Supplier Code of Conduct across its hundreds
of contractors.
Here is the full list of the 26 companies currently signed on with the
program:
Apple
IBM
Honda
Toyota
Nissan
Kelly Services
Rothschild North America
AT&T
CVS
Lockheed Martin
PG&E
Walgreens
Authentix
Milliken
Philips
Salesforce.com
Westinghouse
Cardinal Health
FedEx
Molina Healthcare
Rolls Royce
Textura Corp
Johnson & Johnson
Intuit
Coca-Cola
Ericsson
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话题: apple话题: small话题: program话题: obama