Friday, June 12, 2015

Payment delays have an impact on SMEs and employment – Journal of Economics

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In his first barometer Quarterly on bill payment delays, the mediator has calculated that the average payment of an invoice took 13 days longer than the maximum period, or 60 days after receipt of the invoice.

These overdue payments are a total of 3.97 billion euros. This loss weighs on the shoulders of small business – it’s even one of the factors of SOHO / SME failures: 25% of bankruptcies of these companies are the result of late payment of their bills.

Such bad manners have “an impact on employment, on investment and on trust. It blocks the innovation is a brake on the economy is being gradually resume, “says the mediator. And the impact is also certain on employment, since they are the 100,000 jobs that do not exist because of the delays.

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