Through its access to unique financial and commercial data, Dun & Bradstreet provides current and predictive assessments of economic conditions, business risk, payment behaviour and credit activity in New Zealand.
New Zealand Late Payment times edged marginally higher during the first quarter of 2017. The high rate of businesses that paid their bills on time – 80.5 percent – suggests the overall economic environment remains solid.
Leading credit data bureau and collections agency, Dun & Bradstreet, supports the Inland Revenue Department (IRD) and The Treasury of New Zealand’s proposals to introduce legislation around greater business tax debt transparency to better protect the New Zealand business community.
New Zealand businesses paid their invoices at the fastest rate on record during Q2 2015, despite Statistics New Zealand reporting that weaker exports, stronger imports and a soft transport sector had dragged on the quarter’s GDP growth result of 0.4%.
Commercial cash flow appears to be in rude health, with analysis of invoice payments revealing that businesses are paying each other with record speed, although continued falls in dairy prices are expected to affect future performance.
Dun & Bradstreet (NYSE: DNB) today announced it is shifting its Australia/New Zealand (ANZ) business to a Worldwide Network partner model. Archer Capital, a leading Australian private equity firm – via its newly-formed Credit Data Solutions business – will acquire the entirety of Dun & Bradstreet’s ANZ business, including consumer risk and debt collection, and commercial solutions, for AUD $220 million.
Businesses in New Zealand are experiencing a cash flow boost from the country's strong economic performance, with the average time taken for invoices to be paid falling to the fastest second quarter level on record.
In a first for New Zealand, banks and other lenders can now assess the creditworthiness of their customers using the comprehensive credit information made available under changes to the country's credit laws.
Consumer stress in New Zealand has fallen to its lowest level since the beginning of 2012 as the economy's ongoing expansion continues to boost the financial position of Kiwis and strengthen their capacity to borrow and spend.
Businesses have been paying their bills at the fastest rate recorded in 10 years of commercial invoice data, with payment times across New Zealand dipping below the 40-day mark in the last quarter of 2013 to an average of 39.6 days.
The number of business invoices that are being paid on time has risen to a 12-month high as the finances of New Zealand companies continue to benefit from a steady improvement in the local economy and healthy consumer confidence.