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Despite minor improvements, the impact of late payments cannot be denied and businesses in Asia Pacific need more time to convert B2B invoices into cash.

In 2018, respondents in Australia reported a steep increase in DSO and the need for more time to convert B2B invoices into cash.

Payment delays have remained largely stable and payment duration improved. Bankruptcy and failed collection attempts remain top reasons for write-offs.

Despite improvements, the proportion of overdue B2B invoices and that of uncollectable B2B receivables in Hong Kong remain some of the highest in Asia Pacific.

2018 brought many changes in India – more frequent payment delays, increases in the proportion of overdue B2B invoices and DSO, a longer payment duration.

In 2018, respondents in Indonesia reported an increase in the frequency of late payment and a significant increase in overdue B2B invoices.

In 2018, respondents in Japan reported an increase in overdue B2B invoices and a longer time to convert B2B invoices into cash.

Despite improvements, the vast majority of respondents in Singapore reported frequent late payments by their B2B customers.

Changes in the average payment terms and payment delays brought an increase in Taiwan’s average payment duration which is the second highest in the region.

In 2018, economic growth is expected to remain above 2%, sustained by domestic and international demand. The momentum is forecast to slow down in 2019.