Article published on Business Insurance Australia online features Atradius discussing statistics in payment periods and maintaining cash flows.
“Of course they have to find the customer, do the business, invoice the business, and then get paid to generate their cashflow. But two separate surveys released this week show that having completed the first 3 steps of this process Australia’s small business sector is reporting that late payments are causing them headaches.
“The latest SME Snapshot from MYOB, shows 77% of respondents have been impacted by late payments from customers which caused business and personal financial hardship.”
Read the article on the Business Insider Australia website:
Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and worldwide in credit insurance.
For Further Information:
Atradius Corporate Communications Oceania
Tel.: +61 2 9201 2249