The Paydex payment index statistically measures the regularity of a company’s supplier payments.
It is expressed as number of days average payment delay, based on three minimum payment experiences (from three separate suppliers).
A payment experience is the average of a company’s payment habits with one of its suppliers (one of DunTrade’s partners), over an 8-month analysis period.
The first objective of Paydex is to predict defaults by your customers. In addition to measuring risk, our partners use this index to establish better collection or business development strategies.
The data needed to calculate Paydex is provided by the customer accounting experiences of over 15,000 participating companies worldwide.
Elements other than Paydex are also taken into account when analysing payment behaviour: the trend, an industry comparison, an analysis per portion of outstanding payment experiences etc.
Paydex facilitates the understanding of payment habits by simplifying the reading and communication of this part of the analysis.
Whether you’re a customer, supplier or credit institution, consulting a company's Paydex allows you to:
The Paydex score is available to our clients in all of our risk management solutions and accessible to DunTrade partners, in return for the customer portfolio data they entrust to us.
Get exclusive access to information and analysis on over 410 million businesses worldwide. Check the financial situation of your customers and suppliers and protect yourself from the risks of financial fragility or payment difficulties.
Altares offers regular webinars to discuss your risk, master data and compliance functions with our experts and partners.
Make the right credit and investment decisions quickly and reduce your DSO in France.
Altares – D&B’s partner in France, Benelux and North Africa – uses DunTrade to enhance its scores and publish its payment performance analysis.
Paydex, DunTrade’s payment score , is also used to calculate other scores, including the Failure Score, which customers can use in their decision-making processes.
Analysing these payment habits can help you assess a company’s default risk (customers or prospects). Indeed, 25% of corporate insolvencies * in France are the result of late payment or default.
The Paydex score is not only useful for predicting default , it also helps business revenue growth by directing sales effort to reliable payers.
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