Swiss companies are increasingly paying their invoices late
Businesses in western and southern Switzerland had particularly poor results. In Ticino, 64.7% of all invoices were paid late last year. This was followed by other regions like Jura (62%), the canton of Vaud (61.9%), Neuchâtel (59.9%), Geneva (58.6%), Fribourg (54.6%) and Valais (53.5%).
At the other end of the scale there are several cantons of central Switzerland, as well as Basel-Stadt and both Appenzells. Ranked first among the conscientious payers is Uri with 22.5% delayed payments, followed by Basel-City (24.2%), Obwalden (35.8%), Appenzell Innerroden (36.4%), Zug (36.9%), Lucerne (37.7%) and Appenzell Ausserrhoden (38.2%).
A similarly poor effort has been reported in terms of how late invoices are being paid. While the national average is 10.6 days, companies in the cantons of western and southern Switzerland stand out with higher numbers: 14.4 days (Ticino), 11.7 days (Valais and Jura), 11.6 days (Geneva), 11.5 days (Vaud), 11.4 days (Neuchâtel). Only Fribourg is below the average with 10.3 days.
The most conscientious businesses are in Appenzell Innerrhoden, paying only 7.8 days late. The cantons of Uri (8.9 days), Obwalden (9 days), Bern (9.5 days), Lucerne (9.6 days), Aargau (9.6 days), Glarus (9.7 days) and Basel-city (9.9 days) didn't perform quite as well.
Bisnode has warned of the negative consequences that poor payment behaviour has on business performance. It results in shortages in liquidity, which can consequently lead to bankruptcy. The financial information service has called on businesses – especially SMEs – to make an effort to ensure timely payments.