what our research says

Our latest Global Business Monitor Report, found that Canadian SMBs admit they’ve suffered from bad debt over the past year, while many struggle to collect payments from customers on time, stalling cash flow.

The study surveyed SMB owners and decision makers from 11 countries including Canada, the U.S., the Czech Republic, France, Germany, Hong Kong, the Republic of Ireland, the Netherlands, Poland, Singapore and the UK.

Almost half (48%) of Canadian SMBs acknowledge that collecting payments from customers on time is the most problematic aspect of managing their cash flow.  Download the guide here

what our research says

On average, customer payment times averaged 38 days for Canadian SMBs. Of these Canadian SMBs, 42 percent are paid within 30 days compared to 50 percent paid over 30 days.

To address this challenge, we recently published a guide, Get Paid On Time: How to Protect Your Business Against Late Payments, on how SMBs can find alternative ways to protect themselves from the impacts of unpaid invoices and increase their cash flow. Download the Infographic here

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