2018 brought many changes in Turkey – more frequent payment delays, increases in the proportion of overdue B2B invoices and DSO, a longer payment duration.
Based on the survey results, 2018 brought many changes for Turkey – more frequent payment delays, increases in the proportion of overdue B2B invoices and DSO, a longer invoice to cash turnaround. The impact of late payment is undeniable, with a notable 31.6% of respondents reporting revenue loss. Like in 2017, Turkey recorded the highest proportion of uncollectable B2B receivables in the region; bankruptcy and failure of collection attempts remain the main reasons for write-offs.
Read the full report here: Turkey: the country most affected by late payment
