Atradius recently published a new Payment Practices Barometer for Australia. This publication discusses various topics such as average payment durations and key payment delay factors.
“Commodity-rich countries like Australia will face headwinds in 2016 and 2017 following the decline in commodity prices. While Australia is making an effort to diversify its economy, aided by its depreciating currency and the loosening monetary policy, bankruptcies for 2016 are forecast to increase by 8%. Due to the vulnerability of its economy to low commodity prices, many Australian businesses have a strong focus on trade receivables management, and protect their cash flow and profitability against the risk of payment default arising from B2B trade on credit.”
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