Chasing late payments costs European businesses €275bn a year and takes the average firm 74 days to resolve
· Businesses spend 29 per cent of the working year chasing late payments, equivalent to 74 days · Annual cost to the European economy exceeds the entire GDP of Finland · On average each business is spending €9,194 per year chasing late payments · Four in 10 European businesses are spending 10+ hours per week chasing late paymentsBusinesses across Europe are spending more than 74 days per year – more than a quarter of the working year* – chasing late payments, according to the annual European Payment Report from credit management services provider Intrum.The 26[th] edition of