What is the Payment Index of your Company?
What is the payment indicator publicly shown on the credit bureau of your company?
The payment index shown publicly on the commercial credit report of your company is a weighted average of late days in which you pay your suppliers. It is a very good indicator of your company's paying habit and it allows future business partners to evaluate when they will get paid after supplying your business with goods and services. The statistic representing best the payment habit of businesses is normally the non financial trades, which implicates trades of goods and services used for daily operations and require suppliers to be paid in total every months. The financial trades, which include payment on credit cards, leasing and financing vehicle or equipment and long-term debt, are not included in the payment index.
Please change the suggested values with your own in the blue text boxes.
Our financial calculators start with default values to suggest what to enter typically in each modifiable field, displayed as blue text boxes, in order to simulate a common scenario. Please change those values with your own. To keep track of your changes, the blue box will turn gray after they are modified.
You will also notice that our calculators behave like financial applications and recalculate automatically all values with each change instead of having to click on some extra button or going to a new result page, this is intentional and helps understand the effect of one change with the overall result in a more dynamic and instantaneous manner.
However, charts in our older calculators are not updated automatically, so if there is an "Update" button next to the chart, make sure to click on it after you make a change before you analyze it.