Coping With Late Payment – Managing Asia’s Slow Payers
YoungUpstarts
DECEMBER 22, 2014
'by Anthony Coundouris , trade finance evangelist for ApexPeak. Across Asia Pacific, the average number of days for an invoice to be paid rose from 48 to 56, compared to the same period in the previous year. 1. In the same year, Singapore did not improve its credit terms with export customers either. A total of 30 per cent of business-to-business (B2B) invoices issued to foreign companies were paid late and 6.5 per cent were written off as uncollectable.
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