Late payments remain a systemic threat to Australian businesses, with 2024 data showing approximately 39% of enterprises facing extended payment delays. The crisis has intensified to the point where the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) reports a 50% rise in calls from SMEs facing insolvency due to…
Outstanding invoices from customers who have purchased goods or services can heavily impact a business’s accounts receivable (A/R) management efforts. Even if merchants expect the owed money to come in, there are buyers who pay late, affecting an enterprise’s ability to cover expenses, reinvest in operations, or build a buffer…