Of the Western European countries surveyed, Germany had the second highest percentage of respondents (24.7%) who reported revenue loss due to overdues.
60.4% of German respondents said that their businesses have been impacted by overdue B2B invoices over the past 12 months. Of the Western European countries surveyed, Germany also had the second highest percentage of respondents (24.7%) who reported that late payments caused revenue loss. Insufficient availability of funds, buyers using outstanding invoices as a form of financing and the complexity of the payment procedure remain the top reasons for payment delays by B2B customers in Germany.
Read the full report here: Germany: late payments leading to revenue loss
