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Largest U.S. Women-Owned Companies Pay Their Bills 5 Days Faster Than Companies on Average

"Largest U.S. Women-Owned Companies Pay Their Bills 5 Days Faster Than Companies on Average"Setting a High Bar for All Businesses

Women-owned businesses are prompt bill payers. The 25 largest women-owned companies pay their bills more than five days faster than the national average for all companies, reports Creditsafe. Last year, the women-owned businesses paid their bills, on average, 3.86 days past the invoice due date, beating the national average of nine days.

“Today, one in every four companies in the U.S. is led or owned by a woman,” said Matthew Debbage, President of Creditsafe’s U.S. operations. “Women-led companies generate $3 trillion that helps create or maintain more than 23 million jobs.

“The strong payment history of these female-owned companies sets a high bar that all businesses would do well to emulate.” Creditsafe, the world’s most used supplier of commercial credit reports, reviewed the payment history of the 25 largest women-owned companies to calculate their DBT – or Days Beyond Terms – for payment of their bills.

DBT is a critical component in assessing a company’s overall financial health and likelihood of paying its bills.

Payments on invoices issued to companies are typically due within 30 days. Debbage noted that seven of the 25 companies consistently pay their bills on or before the due date with 12 paying invoices last year in three days or less after payment was due.

These top women-owned companies are also off to a good start in 2015, Debbage said. So far, they are paying their bills, as a group, 1.81 days after they are due.

About Creditsafe

Founded in Norway in 1997, Creditsafe, Inc. is the world’s most-used supplier of online company credit reports. Nearly 5,000 companies in the U.S. use its credit reports, ranging from small businesses to large, global concerns like Staples, Ryder and Nestle. Its U.S. operations are headquartered in Allentown, Pa.

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