An unhealthy cash flow cycle exists among Australian businesses, with 62 per cent of accounts settled late and firms taking on average, 52 days to pay their bills, according to the latest Trade Payments Analysis by Dun & Bradstreet.
The lengthy wait explains the cash flow concerns being reported by business executives, and reveals the day-to-day operational challenge for firms looking to stimulate growth in an environment affected by soft sales activity and conservative consumer sentiment.
More than 68 per cent of business executives expect cash flow will be an issue for their business’s operations in the coming months, according to D&B’s National Business Expectations Survey, which also found that more than 28 per cent of executives view outstanding accounts-receivable as their biggest barrier to growth.
To read the full story click on this link: BUSINESSES KEPT WAITING 52 DAYS FOR PAYMENT – MEDIA RELEASE – DB TRADE PAYMENTS ANALYSIS
Source: D&B Australia