Late payments down 25% in FY2018
Australian businesses continue to set records for paying overdue bills faster, with illion’s Late Payments analysis showing the time taken to settle an overdue invoice fell 25% in FY2018, marking a new record low of 11 days at the end of June 2018.
“Late payment times resumed their long-term downward trajectory in FY2018, having increased during the preceding 18 months. A healthy cash flow is important to
all companies, but even more so for small business, so an improvement in late payments across sectors and regions is a positive sign for the Australian economy.”
Simon Bligh, illion CEO