What is paydex and what is it's importance?

[Maria2023]

Hello!

I'm new to the world of business, specifically when it comes to utilizing Net30 terms at CEO Creative. I'm currently in the process of learning about it. However, I have a question regarding "Paydex" and its significance for business owners. Could you please help me understand what Paydex is and how crucial it is for business owners like myself? Your insights would be greatly appreciated!

[JoeRockhead]

Welcome to the forum.... Paydex is a business score much like Experian business (same scale) where your business is scored from 0, or 1 to 100. However, I feel the D&B paydex score is more suited towards, and more utilized when looking at large corporations, so, as a small business owner I give it little thought as it (my score) has rarely ever changed even a little bit over decades in business.

The one business score that is used more, and consistently reported to, and used by lenders when it comes to small businesses more than any other one is Experian business. That, is the one I would focus on the most if you want to build your business score. 

[Maria2023]

Thank you for the warm welcome and the insightful information regarding Paydex and business scores. It's helpful to know that Paydex may have more significance for larger corporations and that, as a small business owner, your personal experience has seen limited impact on your Paydex score over the years.

I appreciate your recommendation to focus on Experian business when it comes to building our business score, especially since it's more commonly used by lenders for small businesses like mine. Atleast I am with ceo creative Net 30 that reports to Experian. Thank you for sharing your knowledge!