Debt is growing

Debt is growing

The problem with timely payment of receivables is systematically growing.

The results of the latest “European Payment Report” study clearly indicate that the problem of losing financial liquidity is becoming more and more serious and common. This is due to the close interdependence between enterprises. Well, the financial problems of a particular company have negative consequences for its contractors. Those who are deprived of timely payment for services rendered have limited possibilities of settling their liabilities. The surveyed entrepreneurs declared that they have to spend almost 1/3 of the year on recovering the money due.

Looking for the causes of financial problems, the respondents pointed to the current, difficult economic situation and the lengthening time between issuing an invoice and paying the debt. The vast majority of them see the recipe for improving the current situation in: reducing operating costs, undertaking activities for the development of the company, and above all, improving financial liquidity by reacting immediately to small delays in payments.

We have written many times about the problems resulting from payment backlogs.

Source: https://www.pb.pl/coraz-wiecej-dluznikow-wsrod-firm-1185458

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