IT Sector Payment Performance: Slight Improvement in 2023 (70.3/100 vs 67.7/100)

The Comparison

• 2022: Across 64 IT companies analyzed, the average payment performance score was 67.7 out of 100.
• 2023: The average payment performance score increased to 70.3 out of 100, based on data from 59 IT companies.

What This Means

While the sector witnessed a positive shift in payment practices, the overall improvement of 2.7 points is marginal. The decrease in the number of companies included in the 2023 analysis (from 64 to 59) could reflect industry consolidation or changes in sampling methodology, potentially influencing the overall score. Businesses can use a late payment calculator to understand the impact of even small delays on cash flow.

One-line summary: In 2023, IT payment performance averaged 70.3/100, a 2.7-point increase from 2022's average of 67.7/100.