Professional Services Payment Practices: A Slight Improvement of 2.1 Points in 2024

The Comparison

• 2023: The payment practices of 162 professional services firms yielded an average score of 72.8 out of 100.
• 2024: The payment practices of 163 professional services firms showed a marginal increase to an average score of 74.9 out of 100.

What This Means

While the number of surveyed companies remained almost constant, the 2.1-point increase suggests a very slight sector-wide improvement in payment behaviour; however, it is small enough to indicate general inertia, rather than a dramatic shift. With a score of 74.9, there is still considerable opportunity for professional service companies to improve their payment practices, as calculated using tools such as this late payment calculator.

One-line summary: Payment practices in professional services saw a small uptick, rising from an average score of 72.8 in 2023 to 74.9 in 2024.