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Optimism in Asia: Firms expect demand surge in coming months

Future CFO

While there is an anticipation of global trade expanding by slightly over 2% in 2024, the pace of growth in Asia is forecasted to remain subdued and may not be as robust as it was in previous years, Atradius said. Bad debts also declined slightly, standing at 5% of all B2B invoiced sales, Atradius pointed out.

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How AR-AP Connectivity Drives B2B Collaboration

PYMNTS

While optimizing back-office functions like accounts payable and accounts receivable can support enhanced cash-flow management, B2B partnership collaboration is also critical to supporting the financial health of an organization. With a focus on suppliers’ corporate customers, the tool also integrates a credit risk solution.

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Payment behaviours likely to deteriorate in 2023 

Future CFO

Allianz Trade forecasts that global WCR to remain broadly stable. In this period of uncertainty, the greatest financial relief one can give small and mid-sized businesses is faster payment of their outstanding invoices, and improved credit-management practices. In 2023, more of the same.

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‘Ultra-Late’ Invoices Make Chinese Firms Wait Months For Payment

PYMNTS

But as industry experts know, small businesses everywhere are being forced to deal with longer payment terms on their invoices and with corporate customers paying those bills off later. One thousand businesses responded to the Coface survey, which aimed to look at corporate credit risk mitigation, according to reports.

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Late Payments A Growing Problem In Western Europe

PYMNTS

A series of reports over recent days show evidence that collecting on B2B receivables remains a stubborn problem. In one study, through its Payments Practices Barometer, Atradius found that, across respondents from Western Europe , there has been a boost in past due invoices after only a slight increase seen from 2016 to 2017.

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Enterprises Are Operating With Blinders — And Blindfolds — On

PYMNTS

While there is technology to heighten transparency of business processes like cash flow, FX risk and other financial aspects of the job, the accuracy, accessibility and actual use of those tools is far from a sure thing. Researchers said exposure to trade credit risk in this region has increased by 19 percent compared to the year prior.

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