In 2024, the B2B credit sales of businesses in the United Arab Emirates suffered late payments by 51%, with 4% of all invoices written off as bad debt, according to the Atradius B2B Payment Practices Barometer. The trend is not only straining working funds but also highlighting fixed costs, revealing the chronic issues with accounts …
Introduction Late payments. Unclear invoice trails. Cash flow is like taking a stab in the dark. If you’re a freelancer or business owner, you’ve felt the stress of waiting on payments that should have been settled weeks before. A 2024 QuickBooks survey indicates that 61% of small businesses regularly have cash flow issues, and late …