Several factors can contribute to delayed payments in a business context: - Client Cash Flow Issues: Sometimes, clients themselves may experience cash flow problems, leading to delayed payments. - Administrative Inefficiencies: Errors in invoicing or administrative delays can result in late payments. - Contractual Disputes: Disagreements over the terms of the contract or dissatisfaction with the delivered goods/services can cause clients to withhold payments. - Economic Downturns: In times of economic instability, businesses may prioritize their expenses differently, affecting payment schedules.