Telecommunications Payment Performance Edges Up: 2023 Sees a Modest 6.3-Point Gain

The Comparison

• 2022: One telecommunications company assessed, achieving an average payment score of 57.5 out of 100.
• 2023: One telecommunications company assessed, demonstrating an average payment score of 63.9 out of 100.

What This Means

While the average payment score for the assessed telecommunications company increased in 2023, the 6.3-point improvement suggests only a slight shift in payment practices. This improvement, while positive, may not be significant enough to indicate widespread changes in the sector. Businesses waiting to be paid can use a late payment calculator to work out compensation due on overdue invoices.

One-line summary: The average payment score in Telecommunications increased from 57.5 in 2022 to 63.9 in 2023.