After an increase from 43.5% in 2017 to 47.5% this year, France has the second highest percentage of overdue B2B invoices in the Western European region.
The percentage of respondents reporting late payment by B2B customers increased from 86.0% in 2017 to 88.6% this year. Looking at the average in days, French respondents said that domestic B2B customers delayed payments by 29 days (five days longer than in 2017) and foreign B2B customers by 33 days (seven days longer than in 2017). Based on these changes and the average payment terms given in France, the country saw a steep increase in payment duration. More specifically, French suppliers need on average 65 days, 16 days longer to convert B2B invoices into cash.
Read the full report here: France: an increase in payment duration