Nov 13 2019
Canberra’s improved payment times a boon for small business
illion’s September Late Payments report suggests Australian Public Sector reforms have resulted in a significant improvement in late payment times, bringing public administration into line with the rest of the country. The report shows late payments across the nation improving 12 per cent on this time last year, […]
Sep 16 2019
Australian businesses paying their bills in record time; SMEs never had it better
The financial stress suffered by the Australian agriculture sector during the past year has been confirmed with a 26 per cent increase in the time it takes Australia’s agricultural businesses to pay their invoices and other expenses, a new report has revealed.
According to […]
Dec 11 2018
Business paying bills in record time
Australian businesses continue to set records for paying overdue bills faster, with illion’s Late Payments analysis showing a new low of 10.4 days at the end of September 2018.“Over past few years the Small Business and Family Enterprise Ombudsman, under Kate Carnell’s leadership, has increased awareness of late payments as […]
Sep 04 2018
Late payments down 25% in FY2018
Australian businesses continue to set records for paying overdue bills faster, with illion’s Late Payments analysis showing a new low of 11 days at the end of June 2018.
“Late payment times resumed their long-term downward trajectory in FY2018, having increased during the preceding 18 months. A healthy cash flow is […]
May 22 2018
Small business leads pack to settle bills faster
Australian businesses are settling outstanding bills faster, with illion’s Late Payments analysis showing a new record low at 11.7 days at the end of March 2018. Small businesses, particularly those with less than 50 employees, are the country’s best payers, while big businesses (those with 500+ employees) continue […]
Feb 20 2018
Late payment times for Australian businesses dropped to their lowest level on record in the final quarter of 2017, according to the latest illion analysis. The average late payment time for an Australian business was 11.9 days during the December quarter, down 17.5 percent from 14.4 days during the prior corresponding period.
“Each month our trade […]
Nov 23 2017
According to the latest analysis by illion, the average late payment time for an Australian business was 12.6 days during the September quarter, down 9.1 percent from 13.9 days during the prior corresponding period. In addition to reducing the length of time for overdue bills, the data shows more businesses are also settling their invoices […]