Financial Services Payment Performance: A Marginal Improvement of 1 Point in 2021

The Comparison

Here's a snapshot of payment performance within the Financial Services sector across 2020 and 2021:

• 2020: 443 companies were analyzed, achieving an average payment score of 82.0 out of 100.
• 2021: The sample size increased to 520 companies, with the average payment score rising slightly to 83.0 out of 100.

What This Means

The increase in the average payment score from 82.0 to 83.0 represents a very modest improvement in payment practices within Financial Services, despite the greater number of companies assessed; it suggests a general stabilization, or perhaps a sluggish recovery after the volatility of 2020. Whether this uptick translates to significantly reduced financial strain on smaller suppliers remains to be seen; businesses struggling with cashflow can use this late payment calculator to assess the potential impact of overdue invoices.

Financial Services: 520 companies, avg score 83.0/100 in 2021.