In the last quarter of the year, the European Average Payment Delay (APD) stood at 12.17 days, which represents a slight increase of 0.06 days compared to last year. Throughout 2024, the European APD reached its lowest level since 2011, with 11.89 days in the first quarter.
Late payments are a significant hurdle for the competitiveness of EU companies. Delayed
payments affect firms’ liquidity, thereby hampering their ability to properly operate and to invest in growth.
Paper-based invoices are losing ground to electronic invoices. The switch to eInvoices is bringing about significant changes for the seller and buyer alike.
It became clear during the negotiations in the Working Party, however, that a large number of Member States is not convinced that there is a need to replace the currently existing rules on late payment by a new Regulation or by a new Directive.
Fulfilling the objectives of the EU Payment Observatory, the 2023 Annual Report stands as its foremost analytical output. It provides a comprehensive analysis of the trends in payment behaviour in commercial transactions in the EU from 2019 to 2022.
FEBIS Working Group on “Late Payments”, which objective is to increase and share the knowledge on this topic has released a second edition about the situation in some countries, not only on legal aspects, but also on the best practices and the impact of late payments in the economy.
One of the components of this Observatory is the Stakeholder's Forum, composed of associations, information providers, and administrations with experience in the problem of late payments.
FEBIS Working Group on “Late Payments”, which objective is to increase and share the knowledge on this topic has released a first version about the situation in some countries, not only on legal aspects, but also on the best practices and the impact of late payments in the economy.