Our Approach
Quick Facts
about Cortera
Newsroom
Credit: Invoices Paid Late, Study Says (Treasury & Risk Magazine)
April 1st, 2009
Treasury & Risk Magazine
Just as suspected, companies are having a tougher time getting paid, according to new data showing that more invoices are paid late and disputes are increasing.
Two years ago, invoices were paid on average 7.2 days after the due date. That figure has almost doubled, according to credit and collections vendor Cortera’s database of 18 million U.S. companies. Industries with the slowest-paying customers are retail (19.6 days late on average), public administration (17.18) and manufacturing (16.02). The proportion of invoices sent to collection agencies grew 8.45% in February.
Some areas are worse than others. On Cortera’s map of the U.S., most of the West coast is an alarming shade of red. In California, 16.4% of payments were late in February. In Nevada, more than a fifth of payments are late.
Cortera helps you learn about how companies pay (and don't pay) their bills.
Try it today - You have a piece of the payment puzzle. Join and Rate a business today.
