New Research Reveals the Impact of Late Payments on Mid-sized Business

Past due invoices are a significant problem for medium sized businesses (25-100 employees). QuickBooks surveyed over 2,000 Mid-sized business in an effort to better understand the causes of past due payments and it’s impact on businesses.

The Takeaways?

The average business wastes 14 hours per week chasing payments. On top of this, 81% of businesses said they didn’t have a fully integrated payment system. 41% of businesses stated they were worried or overwhelmed about their company’s payment process technology.