New Zealand Late Payments Analysis: Cracks appearing in New Zealand economy

Late payment times for New Zealand businesses have increased sharply, according to illion’s latest analysis. The average time taken to settle an overdue invoice was 6.8 days at the end of the March quarter 2018. The 22 per cent year-on-year spike leaves late payments at their highest level since the September quarter of 2015, but still well below the 2011 peak.

New Zealand Late Payments Analysis: Late Payments stabilise

Late payment times have undergone a period of consolidation during 2017, after dramatic falls over the preceding six years. Since Q3 2011 the average late payment time for an overdue invoice fell 61.8%, whereas the past 12 months has seen average payment times edge 2.3% higher, from 5.8 days to 5.9 days. Since 2015, late payment times have generally ranged between 5 and 6 days.

New Zealand Late Payments Analysis: Late payments rise for second consecutive quarter

Late payment times edged higher in the June quarter, although in absolute terms, the level of late payments remains near historical lows. While it is too early to be concerned about the rise in late payments over the past two quarters, any further increases will indicate a shift away from the recent pattern of falling payment times. One trend remains the same: the largest companies (with more than 500 employees) are the slowest to pay their accounts.

Who's better with money, men or women?

Populist beliefs that women are more likely to spend up large on the credit card while men take more risks with their money are not backed up by reality.

Dun & Bradstreet welcomes push for tax transparency in New Zealand

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.

Trade Payment Analysis: Payment times steady

Invoice payment times in New Zealand flatlined in Q3 2015 after declines in the previous three quarters, with recent economic data suggesting GDP growth is slowing.

Trade Payment Analysis: Payment times hit new record low

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%.

Trade Payment Analysis: Payment times plummet

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 Shifts to Partnership Model in Australia/New Zealand Market to Focus on Core Commercial Strategy

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.

Trade Payment Analysis: Corporate sector sees cash flowing

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.

Trade Payment Analysis: Bills paid in record time

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.

On-time payments reach 12-month high

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.