The new act will also bar companies from raising rates on existing debts unless payment is at least sixty days late.

VOA: special.2009.05.22

Also,companies will have to send out billing statements at least twenty-one days before a payment is owed.

VOA: special.2009.05.22

They demanded full payment within three days of their arrival in Britain.

BBC: More

As you can see, it took 57 days to collect payment from the average customer in Q3 2008, but it took 110 days in Q3 2012.

FORBES: Connect

The company is looking to move its payment terms to 75 days and recently started negotiations with suppliers, people familiar with the matter said.

WSJ: P&G, Big Companies Pinch Suppliers on Payments