Is This the End of Late B2B Payments for UAE Businesses?

So, Scope Solutions, a cloud software provider, has teamed up with OCTA, a company specialising in one-click invoice payment collections, to tackle a big issue facing UAE businesses—late B2B invoice payments. This partnership aims to improve accounts receivable management by automating the process of chasing unpaid invoices, but in a way that still feels human. The idea is to help SMEs improve their cash flow and overall financial health.

Both companies have been focused on supporting SMEs in the region over the past year, so this partnership really aligns with that shared goal. By integrating OCTA’s platform into their systems, businesses can streamline the entire invoicing process. This means they can spend less time and energy on chasing payments and more on actually growing their business.

What’s really exciting is that this solution will work seamlessly with the accounting tools many businesses already use. On top of that, it offers finance options and more efficient debt recovery strategies, like automated, yet personalised, invoice follow-ups. The result? Finance teams save time on collections and can put more focus on business growth.

Ayman Kaouri, the Regional Director for Scope Solutions in the Middle East, pointed out that late payments are a huge issue for SMEs in the UAE—60 percent of B2B invoices were paid late in 2021, causing major cash flow problems. This partnership is designed to handle collections more smoothly and efficiently, while still maintaining good relationships with clients. It’s really a way for businesses to secure their financial health without jeopardising those important customer connections.

In a nutshell, Scope Solutions and OCTA are offering a combined service that integrates well with existing platforms, making payment collection easier and less stressful for SMEs, which in turn boosts their overall financial stability and operational efficiency.