Commerce Model Payment Practices: Marginal Improvement of 0.3 Points Between 2021 and 2022

The Comparison

• 2021: Analyzed data from 231 companies, revealing an average payment practices score of 62.5 out of 100.
• 2022: The sample size decreased slightly to 221 companies, with the average payment practices score increasing to 62.8 out of 100.

What This Means

The data reveals a negligible improvement in payment practices across the commerce models analyzed. While there's a slight increase in the average score, the 0.3-point change suggests stability rather than significant advancement. Companies struggling with late payments can utilize a late payment calculator to quantify the financial impact.

In 2021, the average score from 231 companies was 62.5, shifting only marginally in 2022 to 62.8 from 221 companies.