Despite the slight improvement compared to 2016, payments by the Public Administration to supplier companies continue to show a significant delay. According to the data processed by the Banca IFIS research office and presented today at Forum PA, in 2017 the total estimated amount of trade payables is approximately 31 billion euros (-6% compared to 2016), with 62% of public entities paying late. In this context, being a supplier to the PA means, in many cases, collecting one's credits 30 days later than the average for the sector to which they belong: hence the liquidity crisis that leaves small businesses without oxygen.
The "Market Watch PA" analysis, available in full format on the site www.tianticipo.it, further highlighted the following:
- 29-57: are the average days of delay accumulated by public entities in 2017;
- 543 and 310 days: these are the peaks in days of delay recorded in 2017 by Provinces and Municipalities (institutions in the "black jersey" due to late payments);
- 500: the companies on average that each month apply for certification of trade receivables from the PA in the Certified Credit Platform of the MEF;
- over 32 thousand: companies that have applied for certification since 2012, corresponding to 161 applications for a value of 16 billion euro;
- 1 million: the number of PA suppliers who issued at least one electronic invoice to public entities in 2017;
- 3,4 million: the number of businesses that will use electronic invoicing in 2019 (mandatory from 1 January 2019 for all B2B transactions).
Fintech as a solution to the financing of certified credits
To deal with payment delays by the PA, Banca IFIS has launched the fintech platform You Advance (www.tianticipo.it) through which the company that owns the certified credits can calculate the estimate in the calculator in a few seconds, simple and intuitive, on the basis of the exposure it holds vis-à-vis public bodies. The evaluation of the request is completed within 48 hours and, once the green light has been obtained from the Ministry of the Economy and Finance, the requested credit can be disbursed. Efficacy is ensured by the high quality of the algorithm underlying the functioning of the online platform which guarantees the correct assessment of the feasibility for the requested loans in a completely secure manner.
