Late payments remain a significant challenge, particularly in the agri-food and consumer sectors, impacting liquidity and growth prospects for SMEs.
Key trends from Atradius Payment Practices Report
- Payment terms are lengthening in some sectors, exacerbating cash flow strain.
- Businesses increasingly rely on short-term finance solutions like invoice factoring.
- Greater focus on digital payment systems is helping reduce delays.
Strategies to manage liquidity
- Proactively negotiate payment terms with buyers.
- Use early payment discounts or dynamic discounting.
- Leverage fintech solutions for invoice financing.
To understand sector-specific trends, SMEs can better navigate late payment risks, and stabilise cash flow, contact us.