article thumbnail

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.

B2B 52
article thumbnail

‘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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Top 8 AI Uses in Finance Embraced by FP&A Leaders

The Finance Weekly

Forecasting and Predictive Analytics AI uses its analytical capabilities to examine past financial data, market patterns, and macroeconomic signals. Risk and Expenses Management AI-driven , tools for risk management empower FP&A leaders to evaluate and address risks more efficiently.

article thumbnail

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.

article thumbnail

Late Payments A Growing Problem In Western Europe

PYMNTS

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. The proportion of past due invoices now stands at 41.8 percent after having boosted from 39 percent in 2016 to 40.7

article thumbnail

How AR-AP Connectivity Drives B2B Collaboration

PYMNTS

The integration includes short-term cash flow forecasts as well as a “snapshot” feature for SMBs to compare different cash flow periods. Further, Xero has added a Pay Through Transferwise capability that allows small businesses to pay and reconcile multiple invoices at once from the Xero portal. ”

B2B 52
article thumbnail

Enterprises Are Operating With Blinders — And Blindfolds — On

PYMNTS

Three major markets in the region — Czech Republic, Turkey and Poland — each exceeded the regional average of 20 percent for the portion of B2B invoices that are more than 90 days past due. Researchers said exposure to trade credit risk in this region has increased by 19 percent compared to the year prior.

B2B 40