Software Payment Practices See Marginal Improvement: 2022 Score Rises to 74.3

The Comparison

• 2021: Analysis of 169 software companies revealed an average payment practice score of 74.2 out of 100.
• 2022: A similar assessment of 163 software companies showed a slightly improved average score of 74.3 out of 100.

What This Means

The year-on-year improvement of 0.1 points suggests a near stagnation in payment practices within the software industry. While any movement is notable, this statistically insignificant shift indicates consistent, but not necessarily improving, behaviors regarding timely payments. Further investigation into the factors driving these scores is required to understand underlying challenges and opportunities. late payment calculator

In one line: The software sector's payment practices exhibited a minimal increase, rising from an average score of 74.2 (169 companies) in 2021 to 74.3 (163 companies) in 2022.