France has a strong legal framework for protecting businesses against late payments. The Loi de Modernisation de l'Economie (LME) and subsequent directives have progressively reduced payment terms from 60 days to 30 days for public sector, and introduced strict penalties for late payment.
However, enforcement remains weak. According to the Mediateur des Entreprises, French SMEs face average payment delays of 58 days, with some sectors (construction, retail) experiencing delays of 70+ days. The economic impact is estimated at €12 billion annually.
PingPaid automates the legal framework that French businesses already have — turning your rights into automated action.