Number of unpaid invoices among SMEs increased sixfold due to corona crisis

Due to the corona crisis, the number of unpaid invoices among SMEs has increased sixfold. This was revealed in a survey conducted at the request of the software company Exact. In 2018, it was still about 2% of invoices, but since the corona crisis, this percentage has increased to about 12%. This corresponds to a loss of about 7.4 billion euros in sales, leading to a cash flow deficit of about 1.7 billion euros. In addition, only 56% of companies indicated that they have a real-time overview of their outstanding invoices. 

Watch Kanaal Z’s interview with Sigrid Jansegers, Sales Director of Exact Belgium here

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