7 November, 2017
Senate Inquiries are recommending a number of changes when it comes to payment terms for the construction industry as cash flow difficulties are still largely prevalent due to late payment of invoices. The Senate Inquiry Into Non-Conforming Building Products has concluded there is a ‘culture of non-payment’. Debt ratings agency Dunn & Bradstreet has said that throughout the second quarter of this year, just 60% of invoices within the building and construction sector were paid either on or before the due date. Apricity understands that late payment of invoices can sometimes put cashflow finance for small businesses on the back foot. We believe that all businesses should be able to access solutions that assists in reducing stress that may arise from this. Read more here.