Cash flow pressure continues for Australian businesses

cash flow pressure

Dun & Bradstreet suggests that cash flow pressure on businesses in Australia continues in their spring edition report.  On average it takes 52.5 days to settle accounts.

So if the average payment terms for a business is 30 days, the data presented by Dun & Bradstreet means the average business waits an extra 3 weeks to receive payment for good or services.

Are you sick of waiting over 5o days for your invoices to be paid?  Why not consider using Ezypay to direct debit your customers?  A direct debit for recurring payments is an easy way to get your payments sooner rather than later.  How much sooner?  Well that really depends on you.

So why not consider balancing your incomings and outgoings with direct debit payment method to reduce cash flow pressure?

To find out more you can contact the Ezypay team at newenquiries@ezypay.com.au.