More than half (51 per cent) of businesses say they are paid late on average, according to a survey conducted by Taulia, a leading provider of working capital management solutions.
Taulia’s global Supplier Sentiment Survey, which has been conducted since 2014 - with this year marking a decade since it launched - collected the views and insights from 11,300 businesses across its global network in over 130 countries.
When asked about business' top motivations for wanting early payments, more than half (52 per cent) said their main motivation was to address cash flow gaps. Other top reasons include:
