You are here

Credit-smart SMEs improve average debt settlement time

BT_20160715_CHSME_2387212.jpg
DP Info COO Lincoln Teo says the shift towards SMEs' shorter payment cycles has been consistent for several quarters.

Singapore

SINGAPORE'S small and medium enterprises (SMEs) have become more "credit" smart with a growing number tightening their terms and conducting more due diligence before extending credit to their clients.

This has helped with the average time taken by an SME to settle a debt