Data Payment Trends: 2023 vs 2024
Payment Practices Show Minor Improvement: Data Sector Scores Up 2.2 Points
The Comparison
- 2023: A study of 64 data companies yielded an average payment practice score of 73.1 out of 100.
- 2024: Analysis of 66 data companies reveals a slightly improved average payment practice score of 75.3 out of 100.
What This Means
While the data sector's average payment practice score has increased, the 2.2-point rise between 2023 and 2024 indicates only marginal progress. Given the small sample size change (from 64 to 66 companies), it's hard to state this is part of a trend. Companies struggling with getting invoices paid on time can use a late payment calculator to see what they may be entitled to claim.
Summary: In 2024, data companies averaged 75.3/100 on payment practices, a minor uptick from 73.1/100 in 2023.
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