Software Payment Trends: 2020 vs 2021
Software Payment Practices Show Modest Improvement: Average Score Rises 4.0 Points to 74.2
The Comparison
- 2020: Analysed across 146 software companies, yielding an average payment practices score of 70.2 out of 100.
- 2021: The study expanded to include 169 software companies, resulting in a slightly improved average payment practices score of 74.2 out of 100.
What This Means
While the increase in the average score suggests a positive shift in payment practices within the software industry, the 4.0 point improvement is relatively small. This indicates progress, but also suggests considerable room for further optimization and adherence to payment terms. To calculate the potential cost of late payments, try this late payment calculator.
One-line summary: Payment practices in the software industry saw a minor improvement from 70.2/100 (146 companies) in 2020 to 74.2/100 (169 companies) in 2021.
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