invoice

Customers took an average of 80 days to settle invoices in 2020, three days more than the year before.

The figures emerge from a survey carried out by the Malta Association of Credit Management, which noted that this was high when compared to the European average.

It said that the Average DSO (Days Sales Outstanding) in other European countries was 60 days for ‘business-to-business’ transactions and 30 days for ‘business-to-customer’ trade, while the public sector took an average of 68 days to settle bills. No breakdown was provided for the local scenario.

It said that the aim of good credit management is to contribute directly to profitable sales growth, and that sales and revenue should not therefore suffer at the expense of reducing DSO.

The Malta Association of Credit Management, known as MACM, is a members-owned not-for-profit organisation providing a central national organisation for the promotion and protection of all credit interests pertaining to Maltese businesses.

Over 50% of financial services firms implemented digital transformation strategies, MFSA study finds

March 27, 2023
by Arnas Lasys

Firms much preferred to self-finance digital transformation, but preferred relying on third-party providers for implementation

Living and working in an open-air museum – here’s what Malta offers global citizens

March 27, 2023
by Robert Fenech

Many who land in the country for a temporary stay find that roots are quick to grow

Industry ABCs: Electronics in Malta – a high-powered niche

March 26, 2023
by Arnas Lasys

Malta's electronics industry has developed into a global player with major companies having set up shop in the country