The best ways of dealing with slowpayers

In an economic downturn, late payment can have a disastrous effect on firms of all sizes, but there are steps that you can take to improve the situation

10th January, 2009

No one will be surprised to learn that Irish businesses have been taking longer to pay their bills, but the true extent of the problem is only now beginning to emerge. Recent figures on payment performance trends in Ireland show that firms here are taking nearly a month on average to pay suppliers, according to global information services firm Experian.

These latest figures, which were released in November, found that, on average, businesses pay their...

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