European Payment Report 2024
The European Payment Report (EPR) provides insights into the payment behaviours of European businesses and examines trends related to late payments, invoice payment practices, and overall financial risk.
The 2024 report is based on insights from 9,255 executives across 25 European countries. This years' findings shows corporate cost-cutting at a four-year high despite growing economic optimism. Businesses are losing more than a quarter of the working year (73 working days) chasing late payments.
Key findings
- Executives are cautiously optimistic, but economic conditions are challenging, leading to increased focus on cost-cutting.
- European companies are waiting on receivables of at least €10.5 trillion, according to their best estimates of their outstanding receivables and loans. How confident can they be that this enormous sum will be paid on time and in full?
- AI enthusiasm is growing as executives consider applications throughout the business, including back office. Half say that AI could help them to manage late payments.
This is the 27th Annual Edition of the European Payment Report