Polarising renews its Compromisso Pagamento Pontual certification for 2023.

Polarising — Mon, 30 Jan 2023 11:23:19 +0000

In early 2015, Polarising established what it takes for itself as an unswerving rule from day one of its existence: absolute compliance with payment deadlines made to any and all persons or entities with which it collaborates.

So, when Compromisso Pagamento Pontual was established Polarising became members and proudly use the seal of the program on all communication channels, which we now renew as member of the Commitment to Prompt Payment to Suppliers and as an active part of this movement of social responsibility that promotes a culture of payment on time and enhances the competitiveness of the Portuguese economy.

We intend to counter the frightening figures and the unpredictable consequences that non-compliance with payment deadlines entail for the global economy. According to European Union data, 25% of bankruptcies are in European companies and recent data from Informa DB states that 84% of Portuguese companies do not meet their payment deadlines.

Also, the unemployment it causes and the unfair competition it creates, as companies that pay late penalize those that honor their commitments. This is becoming a serious threat to their survival and the culture of permissiveness and irresponsibility in the Portuguese economy seems to be deeply rooted as a cultural factor that has to be countered, or else many small and medium sized companies will succumb.

Join Compromisso Pagamento Pontual and be part of this movement.

Why did Polarising join the “Compromisso Pagamento Pontual” ?

Tue, 21 Jul 2015 13:37:50 +0000

Polarising established in early 2015 what it took for itself as an unswerving rule from day one of its existence: – absolute compliance with payment deadlines made to any and all persons or entities with which it collaborates.
As such, it was naturally that right at the beginning of this initiative we became members of the Timely Payments Commitment bearing the seal of the program in Polarising’s communications.
We intend to counter the frightening figures and the unpredictable consequences that non-compliance with payment deadlines entail for the global economy. According to recent AIP data, which corroborate the study on “Risk Index” published by Intrum Justitia, 75 percent of the Portuguese companies reports having problems with late payments. A principle that seems basic in companies’ lives eventually becomes a serious threat to their survival.
Here is the reality we want to counter:
– The scale of the problem – in Portugal, in 2012, the invoices issued and not paid amounted to EUR 5.9 million, about 4% of GDP or 8% of the troika’s loan to our country.
– The number of bankruptcies it leads to – according to the European Union, represents 25% of all bankruptcies in Europe.
– The unemployment it causes – the worsening of 12 days in the average payment to suppliers between 2006 and 2011, originated, according to the study of ACEGE with Augusto Mateus & Associados, an annual destruction of 14,000 jobs and a GDP fall of 0.4%.
– The unfair competition it creates – companies that pay late penalize companies that honor their commitments and create unfair competition.
This culture of permissiveness and irresponsibility in the Portuguese economy, which seems to be deeply ingrained as a cultural factor, must be countered, otherwise many small and medium-sized enterprises may come to succumb if this does not happen.
How about you also join the “Compromisso Pagamento Pontual”? Follow this link: http://www.ver.pt/compromisso-pagamento-pontual/adesao/

Finance – Polarising

Polarising renews its Compromisso Pagamento Pontual certification for 2023.

Why did Polarising join the “Compromisso Pagamento Pontual” ?