The Late-Payment Culture
There’s a troubling issue plaguing B2B suppliers and service providers. A recent study conducted by Mastercard found that 74% of business owners and employees think late payments are a fact of business life and will always happen, and 57% of those surveyed acknowledged they had actively delayed payments to their suppliers in the last 12 months.
To learn how your business can avoid late payment culture, read this case study.
Key Takeaways
- Seventy-four percent of business owners think late payments are a fact of business life.
- Fifty-seven percent of those surveyed acknowledged that they had actively delayed payments to their suppliers in the last 12 months.
- Late payments, while potentially beneficial to buyers in the short term, could have a negative impact on the broader economy.