Webinar
Late payments are a pervasive issue that significantly affect businesses and hinder business development and innovation, creating cash flow problems and financial instability for many.
A recent EU Payment Observatory report suggests that the negative effects of late payments not only impact EU Member States, but also non-EU countries. Notably, research indicates that SMEs and sectors with complex supply chains are particularly vulnerable to late payments in several jurisdictions.
Moreover, the findings of the report indicate that, besides creating difficulties in meeting financial obligations, late payments also lead to unforeseen increases in borrowing costs. This puts further strain on the financial health of affected businesses.
During this webinar, speakers will present the abovementioned EU Payment Observatory report. This report explores the prevalence of late payments and the measures aimed at addressing them in selected non-EU countries (Australia, Canada, the UK and the US). Panellists will then compare these dynamics with those within the EU.
