Late payments have always been a thorny issue for businesses. But the pandemic has exacerbated that problem and hit industry hard, forcing companies to look for new ways to avoid credit risk and collect unpaid invoices.
When the pandemic reared its head at the beginning of 2020, many governments imposed unprecedented social restrictions that forced huge swathes of the business ecosystem to shut down for months on end.
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- How do late payments affect companies and markets?
- Technological advances and solutions to combat late payments
- What can firms do now to combat late payments?