Late B2B Payments Tax 4.1% of Corporate Revenue
70 pts · High·PYMNTS·3h ago · Sep 14, 08:01 UTC·1 min read
Upvote this story — the week's most-upvoted make the email digest
A recent report highlights that late B2B payments are costing companies an average of 4.1% of their corporate revenue. This phenomenon indicates a significant impact on cash flow and operational efficiency for businesses across various sectors.
Key takeaways
- ▸Late B2B payments cost companies an average of 4.1% of their revenue.
- ▸This issue affects cash flow and operational efficiency for businesses.
- ▸Improving payment processes could recover significant lost revenue.
Why this matters
The high rate of late payments reveals weaknesses in corporate payment practices, which can affect profitability. Companies that address these inefficiencies may improve cash flow and competitive positioning. This trend raises concerns on the need for better payment solutions and greater accountability among businesses adopting timely payment practices.
Related stories
- 1.