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Going Digital Helps To Sustain MSMEs In NZ

By DigitalCFO Newsroom / July 4, 2022

DigitalCFO Newsroom | 4 July 2022 COVID-19 has shut down small to mid-sized businesses (SMBs) worldwide, but many have held the fort by adopting digital methods. Key survey findings: Around 64 percent of micro-, small, and medium-sized enterprises (MSMEs) believe that digitizing their business helps sustain it in the long run.Among the respondents, 83 percent own a business website while 16 percent of them sell online.The rise in inflation rates has increased business costs for 84 percent of small businesses.The majority of those who sell online have a neutral view on whether eCommerce reduces some cost pressure. However, half of them agree it is a key driver in enabling business growth.More than half of small businesses believe New Zealand is an excellent country to do business. As the world hopefully awaits the end of the pandemic, Kiwi small businesses have found a lifeline in digitization to sustain their operations moving forward. This...

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Asian Companies Face Rising Credit Risks Despite Shorter Payment Delays

By DigitalCFO Newsroom / June 29, 2022

DigitalCFO Newsroom | 29 June 2022 Improved economic conditions in 2021 contributed to a notable fall in the duration of payment delays across Asia-Pacific. Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia Pacific region during another pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia-Pacific region. No Deterioration of Payment Delays Despite The Impact of COVID Except In China Improved economic conditions in 2021 contributed to a notable fall in the duration of payment delays across Asia-Pacific, dropping from 68 days on average in 2020 to 54 days in 2021, the lowest level in 5 years. The share of respondents experiencing overdue payment remained stable at 64% vs. 65%...