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Pandemic invoice write offs more than double, Atradius survey reveals


Pandemic invoice write offs more than double, Atradius survey reveals
Atradius Payment Practices Barometer survey reveals increase in use of credit led to rise in write offs and overdue invoices
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SYDNEY, June 16, 2021 /PRNewswire/ Businesses across Australia are feeling the pinch following a full year of the Covid-19 pandemic, according to a report by the leading credit insurance firm, Atradius. The Payment Practices Barometer survey of both large and small businesses looked at B2B customer payment behaviour over the past year. The results are dramatic.
5% of all credit sales were written off as uncollectable, more than doubling the 2% averge recorded prior to the pandemic. The same story applies to late payments, 54% of business invoices are overdue (compared to 21% in the pre-pandemic year). In addition to the economic stressors, these significant increases can partly be explained by a large rise in ....

New South Wales , Gabrielle Weiss , Mark Hoppe , Grupo Catalana Occidente , Payment Practices Barometer , Managing Director , Atradius Oceania , புதியது தெற்கு வேல்ஸ் , கேப்ரியல் வெயிஸ் , குறி ஹாப் , க்ரூபொ காதலனா ஆக்சிடென்ட் , கட்டணம் ப்ர்யாக்டிஸஸ் காற்றழுத்தமானி , நிர்வகித்தல் இயக்குனர் ,