Late payment research from Amex and Xero highlights the cashflow burden for SMEs
By James Harkness · 31 March 2017 · Cashflow
By James Harkness · 31 March 2017 · Cashflow
Australian mid-sized businesses are struggling with an $8 billion bill in outstanding payments, with over $2 billion overdue. Don't miss the shocking details behind this cashflow crisis and what it means for your business.
Coinciding with the anticipated release of the Small Business Ombudsman’s report on its inquiry into payment times and practices, American Express has released research showing mid-sized Australian businesses owe $8 billion in outstanding payments to suppliers, with more than $2 billion currently overdue. According to Martin Seward, VP, Small & Medium Enterprises at American Express Australia, […]
Tags: American Express, Cash Flow, Cashflow, CFO, Insolvency, Invoice, late payment, Martin Seward