Data analytics firm illion has been tracking payment times in Australia since 2011, and found that in June 2018, the average outstanding time for payments fell by 25 per cent to reach a new low of 11 days.
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Late payments fall by 25 per cent
Payment times have fallen markedly over the last year, new analysis suggests, with the average overdue invoice now standing at 11 days – although there is significant variation by state and industry.
