While there's a measurable improvement, the increase of 4.1 points suggests only a modest shift in payment behaviors within the sector. A deeper dive into the data is needed to identify which aspects of payment practices – such as payment speed or transparency – drove this incremental progress. Companies struggling with late payments can use tools like this late payment calculator to determine the financial impact.
Travel and Transportation: 2021 scored 67.8/100; 2022 scored 71.9/100.