Businesses Continue to Stretch Payments
If it seems like your customers remain a bit laggard when it comes to paying their bills, you’re not alone. The July 2010 Business Benchmark Report from Experian, the most recent available, reveals a slight jump in payment times, as well as an increase in the average amount delinquent.
In fact, several measures examined in the study deteriorated over the past six months. For starters, the national average days-beyond-terms crept up from 6.3 in February to 6.5 in July. Along those lines, the average percent of dollars delinquent rose from 12.2 to 12.7 percent over the same time period. And, the percent of funds more than three months overdue rose by an even greater margin, from 5.3 to 5.8 percent between February and July. more





