BizHelp24 News 195 - 26th July
Are Slow Payments Affecting Your Business?If your business is experiencing slow paying customers, then you are by no means alone. New research has found that businesses now take longer to pay their bills than at any time since Late Payment legislation was introduced in 1998.Research for Experian has found that the average time for an invoice to be paid is now 61.07 days, up by almost two days since November 2006. Large businesses are still by far the slowest to pay, at 81.5 days, while medium and small companies take 61.3 and 60.2 days respectively.However, there are ways to reduce the worry...
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Labels: business, cash, cashflow, factoring, finance, flow, invoice, late, news, payment, slow, small, sme
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