Just like your personal credit score your Paydex score is very important to your business finance. Careful financial decisions will greatly impact the score and allow you to gain loans for your company.
What is a paydex score? As a business a paydex score is one of the most important things to know. A paydex score is equal to your personal FICO score or personal credit score. A paydex score can make the difference when acquiring loans for the company. If you do not manage your paydex score, it can cost your business.
The Paydex index is called the "Dunn and Bradstreet Paydex" score. It is a number of how your company pays its bills over the course of the last year and is reported to the Dunn and Bradstreet by various vendors. The Dunn and Bradstreet Paydex score is rated on a scale of 1 to 100, the higher the number, the better payment performance your company has.