Having drawn from the expertise of Atradius Collections' local offices, the International Debt Collections Handbook explains the different regulations and procedures for debt collections in Australia.
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After an increase from 43.5% in 2017 to 47.5% this year, France has the second highest percentage of overdue B2B invoices in the Western European region.
Of the Western European countries surveyed, Germany had the second highest percentage of respondents (24.7%) who reported revenue loss due to overdues.
At 48.7%, Great Britain had the highest proportion of past due B2B invoices in Western Europe, significantly higher than the regional average of 41.8%.
Most respondents in Spain have felt the impact of overdue invoices; 22.4% had to postpone payments to their own suppliers and 20.3% reported revenue loss.
The proportion of past due B2B invoices in Sweden has sharply increased from 26.7% in 2017 to 34.0%. Foreign B2B customers had a much higher default rate.
92.5% of Swiss respondents said that they experienced late payment in 2018. This is one of the highest percentages next to that of Austria and Belgium.
In 2018, the average DSO recorded in the Netherlands is 46 days, an increase of five days compared to 2017. This is the biggest increase in Western Europe.