Software Payment Trends: 2023 vs 2024
Software Payment Practices: Slight Improvement in 2024, Averaging 77.2/100
The Comparison
- 2023: An analysis of 152 software companies revealed an average payment practice score of 75.7 out of 100.
- 2024: A comparable survey of 153 software companies indicates a slightly improved average payment practice score of 77.2 out of 100.
What This Means
While the overall trend points to a positive shift, the 1.5-point increase between 2023 and 2024 suggests only a marginal improvement in payment behaviour across the software sector. This limited progress signals that while some gains were made, significant challenges in prompt and reliable payment still persist for many businesses, a situation where tools like a late payment calculator remain necessary for cash flow management.
Summary: In 2023, software firms averaged 75.7/100 (152 companies), improving only marginally to 77.2/100 in 2024 (153 companies).
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