A new SunGard survey says companies are using the wrong approach to decide when to send business-to-business bills to collection agencies.

According to the survey of 179 executives worldwide, 96% of companies send B2B bills to a collection agency based on the number of days the bill is delinquent, with 80% of companies waiting at least 90 to 120 days to do so.

But SunGard says the longer a bill is overdue, the less likely it is to ever be paid.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.