According to credit information bureau, Dun and Bradstreet both the transportation and utilities sectors have seen dramatic falls in the time taken by debtors to pay their invoices over the last two years.
The two industries recorded average payment days of 50.8 and 48.4 respectively in Q1 2014, significantly higher than the national average of 41.5, but over the course of only two years, these figures have since fallen to below 40.
In Q2 2016, transportation companies recorded an average payment time of 36.9 days, while utility businesses recorded 37.5 days say, Dun and Bradstreet.
On a regional level, it says Auckland-based businesses took the longest to pay their invoices, with an average of 37.4 days.
Wellington businesses took an average of 35.8 days to pay, while Christchurch reported a figure of 34.6 days according to Dun and Bradstreet.
It also says that New Zealand businesses performed significantly better than their Australian counterparts, which reported an average payment time of 44.9 days for the latest quarter, representing a difference of 9.4 days.
