IT Payment Performance Dips Slightly: Average Score Falls 0.9 Points in 2022

The Comparison

Here's a year-on-year snapshot of payment practices in the Information Technology sector:

• 2021: 62 companies surveyed achieved an average payment performance score of 68.6 out of 100.
• 2022: 64 companies surveyed recorded an average payment performance score of 67.7 out of 100.

What This Means

While the sample size increased marginally in 2022, the observed decline of 0.9 points suggests a slight deterioration in overall payment efficiency within the IT sector. Although a small change, this could indicate growing pressures on IT businesses to manage their cash flow effectively, potentially prompting them to utilise resources such as a late payment calculator to assess the impact of delayed payments. Whether this minor dip signifies the start of a downward trend requires further observation in subsequent years.

Summary: In 2022, 64 IT companies scored an average of 67.7/100 for payment performance, a small decrease from the 68.6/100 average achieved by 62 companies in 2021.