SMEs urged to prepare for what comes next as late payments hit six-year high

Australian SMEs and their advisers are being urged to use the new financial year to assess whether their working capital is ready to support the opportunities and pressures ahead. CreditorWatch’s latest Business Risk Index found business-to-business payment arrears had reached their highest level since January 2020, with more invoices moving beyond 60 days overdue as operating costs, energy prices…