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.
- 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.