European Payment Report 2020
2020 will be remembered for the impact of the Covid-19 pandemic, and Europe’s businesses will likely feel the impact for many years. While maintaining a healthy cash flow is top of the agenda for European businesses, as it enables the companies’ ability to meet financial obligations, pay staff and fund future growth.
European businesses preparing for historic recession
Hospitality and leisure sectors most concerned about the impact of recession amid government restrictions
A widening payment gap threatens business growth
More than four in 10 predict the risk or late or non-payment will rise in the next 12 months
Real estate and construction sector hit hardest by payments
Businesses accepting longer payment terms in a bid to avoid bankruptcy
“We need to think quickly, on our feet, and respond with the correct strategy. We need to balance the need to secure our credit with maintaining customer loyalty. This is a difficult line to tread, but crucial to get right”
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