Global Inovice Payment Benchmarks - How Does Your Business Compare?
In Grant Thornton’s International Business Report you could find payment periods in different countries (page 36). The global average is 46 days for payment of sales invoices. In the United States of America you get paid after 41 days. Could you guess where you get paid after 23 days? In one country in Europe, you have to wait for 83 days. Click here for the list (PDF).
Here is a part of the list, from position 11 - 20:
- Australia - 39 days
- Argentina - 40 days
- Sweden - 40 days
- Canada - 40 days
- Brazil - 41 days
- USA - 41 days
- Thailand - 44 days
- Great Britain - 47 days
- Botswana - 49 days
- Luxembourg - 50 days
So, in the United States it is an average of 41 days to receive payment on invoices. But much better than Spain and Italy, at 73 and 78 days respectively. How does your business compare?
Hat tip to Martin Lindeskog for the links. The PDF article is in Swedish, but it’s pretty easy to figure out the countries.
