US EditionMore and More Late Payments: Poor Payment Morale Burdens German Companies - Mittelstand Cafe
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According to the annual survey conducted by the credit insurer Coface, 81 per cent of the German companies surveyed are currently facing payment delays. In particular, invoices that remain due for more than half a year endanger the financial stability of companies. Despite this development, 84 per cent offer their customers a supplier credit - with a short average payment period of 12 months.
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