According to the 2023 Payment Practices Barometer prepared by Crédito y Caución
This rate reflects a slight improvement of two percentage points compared to the 48% registered a year ago.
![[Img # 52957]](https://empresaexterior.com/upload/images/06_2023/1106_credito-y-caucion_cr.jpg)
45% of the commercial credit that suppliers grant to their clients when charging for their products and services in the french market It is collected late and 5% remains unpaid.
"Sales to B2B credit of companies in France showed a strong downward trend over the last 12 months, perhaps reflecting internal and external weakness in demand. Credit sales account for an average of 40% of all sales. B2B exchangesHowever, the food sector bucked the trend with a more dynamic approach. Payment terms granted to B2B clients by French companies are around 53 days, slightly higher than a year ago. Financial costs stemming from increased interest rates and bank credit restrictions were the main factors affecting B2B payment terms, along with the terms agreed upon with suppliers,” the report explains.
In recent months, 21% of French companies have experienced an increase in their clients' payment terms, above the 15% that has registered a decrease. Looking ahead to the end of 2023, 70% of French companies expect growth in their business and 48% expect to be able to expand their margins. 45% anticipate an improvement in their clients' payment practices, above the 13% who expect a deterioration.
According to the Payment Practices Barometer prepared by Crédito y Caución, only 3% of French companies have not suffered changes in their cost structure due to inflation
The evolution of prices has had a strong impact on the French productive fabric. Only 3% of companies have not suffered changes in their cost structure due to inflation. The main impact has been on financial costs (for 26% of companies) and production costs (26%) followed by the fall in demand for their products and services (22%), storage and maintenance costs inventory (14%) and labor costs (9%).
To protect the company from lack of liquidity and avoid the risk of running out of cash Due to payment delays, 49% of companies have strengthened their internal credit control processes, 34% have sought external financing, 29% have increased the time and resources they dedicate to collecting unpaid invoices, 29% have delayed paying their own invoices, transmitting late payment problems throughout the supply chain, and 26% have delayed their investments.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
International business service providers
Demos Global Group
Demos Global Group is a consultancy specializing in strategic and operational advice for business expansion.read more...
VSI Consulting
VSI Consulting is a leading international trade and digital marketing consultancy.read more...
Gedeth Network
Gedeth Network is an international business consulting firm specializing in business development.read more...
UR Global
UR Global is a consulting firm specializing in the internationalization of companies with a physical presence.read more...
Red Carpet
Red Carpet is a recognized consultancy firm specializing in internationalization to Nordic countries.read more...
