The data indicates a marginal decline in payment performance within the professional services sector between 2021 and 2022. While the decrease of one point might appear small, it potentially reflects increased challenges faced by clients in meeting payment obligations, or a slight relaxation in the payment collection practices among professional services firms. Companies struggling with overdue payments can use a late payment calculator to assess the impact of delays on their cash flow.
Overall, average payment performance in professional services declined slightly from 71.0/100 (173 companies) in 2021 to 70.0/100 (159 companies) in 2022.