A sale isn’t a sale until you get paid! Complete our annual Corporate Payment Survey to help understand the payment experiences and trends of Australian Businesses in 2017.
It’s often very exciting when a business lands a big sale or an opportunity to expand overseas presents itself. But when the deal is signed that excitement can very quickly die out when the invoice date has come and gone and your bank account is still looking a little low – a promised payment that was never realised.
It can be both frustrating and crippling for a small business.
The impacts on cash flow management and business viability can come into question particularly when you have a high concentration of risk – when all your eggs are in the one basket.
To help businesses better understand the current business credit risk environment, Coface is conducting its 7th Annual Corporate Credit Risk Management Survey.
In 2016, 64% of the companies surveyed experienced overdue payments and 12.5% reported average overdues exceeding 120 days, the highest level in the last 4 years. 2017 was set to be another challenging year, riddled with increasing global uncertainties linked to China’s deceleration, fiscal challenges experienced by commodity exporting countries and monetary policy tightening in the U.S.
How is the situation of trade credit risk in Asia Pacific and worldwide amid slow economic growth? How do Australian business' compare?
By completing this brief survey, you will go into the draw to win the Moet & Chandon Grand Vintage Trio. We will also send you the full survey report once the results are finalised to help guide your business in your payment practices and ensure you get paid for every sale!