Agencies wait an average 86 days to be paid, up 20 days in three years
Delays in compensation for work undertaken by agencies is at an all-time high despite increasing calls for the world’s biggest brands to treat suppliers fairly.
Media finance company FastPay delved into 31,529 client-invoice payments from 2,392 different companies during the three years between January 2013 and August of 2016. It found that marketing providers are now waiting an average 86 days to be paid by clients, up from 66 days in 2013 while some 7.01% of invoices are only paid after 120 days.
Google and Facebook, by contrast, have a strict 30 day payment term.
The average value of these invoices is £25,000 Read full story ›
Source: The Drum
