Payment experiences

If your client can pay you, will he actually do so?

An exchange project intended to complete the image of your business relation

Graydon Belgium has been running the Data Exchange Pooling program since 1984, an exchange project enabling thousands of suppliers to share millions of payment experiences.

Whereas the credit advice shows whether your business relation is able to pay you, his payment behaviour tells you whether he will actually do so. Knowledge of your client’s payment behaviour thus perfectly completes the image you obtain on basis of the annual accounts. It gives you an immediate understanding of your business relation’s payment evolution, cash position and payment intentions. This way, the payment behaviour exceeds the value of traditional and more statistical data. It entirely completes the current image of your business relation.

A commercial compensation in exchange for your payment experiences

The higher the number of experiences, the more accurate is the image you obtain of your business relation. That is why Graydon permanently urges to discreetly and anonymously share your clients’ payment behaviour with other partners. This way, all participants are not only enabled to point out the poor payers, but also reward the good ones. Participating in the Data Exchange Pooling project is entirely free of charge. On the contrary, in doing so, you behave like a good colleague and are entitled to a commercial compensation in exchange for the information supplied.

A reliable business partner gets a high payment score

After many years of testing and research, Graydon developed the payment score and payment index on basis of these data. The payment score tells you whether your business relation will pay you. It is a score between 0 and 100. The higher the score, the better. In order to calculate this score, Graydon applies a weighting calculation on the experiences provided by all suppliers. In this respect, the most recent observations preponderate.

The payment index evaluates the payment behaviour of all Belgian enterprises

Graydon Belgium calculates an overall payment index on basis of all payments, thus rewarding ‘good’ payments, whereas late payments are punished more severely according to the extent of their being effected after the expiry date. The final score is allocated an index value for which the results of 2002 are the standard (value 100). The higher the index, the better Belgian enterprises pay each other.

“Knowledge of payment behaviour exceeds the value of traditional and more statistical data.”