Paying on time, something that seems to get harder and harder and more and more neglected. How serious do you take paying on time? Yesterday an article was published by NOS, a Dutch news site, saying that large organizations do not pay their small business and freelance vendors on time. Which causes financial uncertainty for these smaller organizations.
Small business organizations are pleading for a 30-day payment term instead of the 60-day term which is upheld in The Netherlands. For, after years of decline, the number of days before an invoice is paid has increased. On average, it now takes 41.5 days. In 2017 it took 40.3 days.