Payment Practices Barometer the Americas
International survey of B2B payment behaviour
Compared to businesses in Europe, collection of foreign receivables is consistently a greater challenge for business respondents in the Americas. Whether it be due to inexperience in exporting, inconsistent payment practices, language or cultural barriers, or less use of external credit management resources such as credit insurance, international collections or credit information services, businesses in the Americas seem to struggle more with foreign invoice collections.
- 27.0% and 29.5% of the total value of the invoices issued by survey respondents to their domestic and foreign B2B customers respectively are past due.
- Most common reasons for late payment of B2B invoices are liquidity constraints of the customer (domestic) and inefficiencies of the banking system and complexity of the payment procedure (foreign).
- In Canada and the U.S., foreign B2B receivables represent a greater threat,while in Mexico and Brazil domestic B2B receivables are of more concern.
- The average DSO of survey respondents in the Americas (58 days) is almost twice the average payment term of 31 days.
- Despite modest economic improvement, generating and maintaining sufficient cash flow remains a priority.
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Download the Statistical appendix to the
September 2013 edition of the Payment Practices Barometer (survey results for the Americas).
Also available: Statistical appendix May 2013 Western Europe and June 2013 Eastern Europe
Download past editions of Atradius' Payment Practices Barometer