"Rapid Paydex Score Boost: Achieve an 80+ Rating in No Time"

Understanding Your PayEx Score as a Business Owner

What is a PayEx Score?

• A PayEx score is a rating that goes from 0 to 100.
• A score from 80 to 100 indicates that you pay your bills on time or even sooner than the due date.
• If you pay your bills later than the due date, your score can drop from 79 down to 0.

Generating a PayEx Score

• You can generate a PayEx score by working with 4 or 5 vendors who provide supplies or services to your business.
• These vendors will give you the supplies upfront and allow you a certain number of days to pay the bill.
• The data collected from these transactions is then used by Dun & Bradstreet to determine your PayEx score.

Understanding the Importance of PayEx Score

• Your PayEx score is focused on trade credit or vendor credit, not capital funding.
• It reflects your ability to get credit for supplies and materials needed to run your business.

In summary, as a business owner, understanding and maintaining a high PayEx score is crucial for accessing the necessary supplies and services to support your operations. It's a key metric that lenders and vendors use to assess your creditworthiness and reliability as a business partner.

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