Average payment delays-FO08

  • Suppliers and Financial Instns
  • Supply expenses

The time necessary for suppliers to collect debts from public bodies has always been a critical issue. Excessively long periods can upset the financial stability of suppliers. Keeping payment times reasonably short is therefore an essential goal for the accountability of public institutions towards stakeholders. Our university keeps the average payment time below one month. This is in line with market standards for private companies.