Chasing late payments costs European businesses €275bn a year and takes the average firm 74 days to resolve: Intrum
Businesses spend 29 per cent of the working year chasing late payments, equivalent to 74 days Annual cost to the European economy exceeds the entire GDP of Finland On average each business is spending €9,194 per year chasing late payments Four in 10 European businesses are spending 10+ hours per week chasing late payments STOCKHOLM, May 12, 2023 /PRNewswire/ -- Businesses across Europe are spending more than 74 days per year – more than a quarter of the working year* – chasing late payments, according to the annual European Payment Report...