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Late payments cost European SMEs €275bn a year, study shows

By Puja Sharma

May 12, 2023

  • Business Invoices
  • Debt
  • Debt Payments
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Businesses across Europe are spending more than 74 days per year – more than a quarter of the working year– chasing late payments, according to the annual European Payment Report from credit management services provider Intrum. Its findings show the time spent chasing late payments by European businesses adds up to a cost of €275 billion to […]

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