Software Payment Trends: 2022 vs 2023
Software Payment Performance Edges Up: Average Score Climbs From 74.3 to 75.7
The Comparison
- 2022: A study of 163 software companies revealed an average payment performance score of 74.3 out of 100.
- 2023: This year, a slightly smaller group of 152 software firms achieved an average score of 75.7.
What This Means
While the number of companies surveyed decreased by 6.7%, the average payment performance score saw a marginal improvement of 1.4 points. This suggests a slight sector-wide progression in payment practices. However, without additional context on the scoring criteria and individual company performance shifts, it's difficult to determine if this represents a statistically significant trend or simply a minor fluctuation, late payment calculator.
One-line summary: The average payment score in the software sector increased from 74.3 (163 companies) in 2022 to 75.7 (152 companies) in 2023.
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