Information Technology Payment Trends: 2020 vs 2021
IT Payment Practices Inch Forward: Average Score Improves by 4.1 Points in 2021
The Comparison
- 2020: A study of 61 IT companies revealed an average payment performance score of 64.5 out of 100.
- 2021: This increased slightly to 68.6 out of 100, based on data from 62 IT companies.
What This Means
The marginal improvement of 4.1 points indicates a slight, but not insignificant, progression in payment efficiency within the IT sector. While a positive trend, the comparatively small shift suggests underlying payment challenges, like those which can be quantified using a late payment calculator, continue to persist. Further investigation is warranted to determine specific drivers behind these challenges.
One-line summary: IT payment practices saw a small improvement from an average score of 64.5 (out of 100) in 2020 to 68.6 in 2021.
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