Commerce Payment Practices Show Slight Improvement: Up 1.2 Points From 2023 to 2024

The Comparison

• 2023: A sample of 216 companies averaged a score of 62.8 out of 100 on payment practice metrics.
• 2024: A slightly smaller group of 211 companies achieved an average score of 64.0 out of 100.

What This Means

While there is an improvement, the difference of 1.2 points suggests only a marginal shift in overall payment behaviors across the analyzed commerce models. The improvement could be from firms tightening their belts and paying on time to reduce the risk of chasing the money using tools such as late payment calculator. The small sample size decrease of only 5 companies also suggests only marginal change within the industry.

Summary: Payment practices improved marginally, with the average score rising from 62.8 (216 companies) in 2023 to 64.0 (211 companies) in 2024.