GITNUX MARKETDATA REPORT 2024

Damage Billing Time Frame Statistics

The average time frame for processing damage billing claims.

Statistic 1

"42.5% of invoices are paid late worldwide."

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Statistic 2

"As of 2019, the average days sales outstanding (DSO) was 49.6 days."

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Statistic 3

"In 2019, 26.4% of invoices were paid within 30 days."

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Statistic 4

"32% of businesses forget to invoice for work they have done."

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Statistic 5

"The construction industry typically has a longer billing time frame, which averages 83 days."

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Statistic 6

"Customers who receive their invoices online are 2.8 times more likely to pay within 9 days."

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Statistic 7

"52% of businesses report that their invoices are paid late."

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Statistic 8

"In 2017, businesses in the UK had to wait an average of 72 days for invoices to be settled."

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