What is it?
In today's uncertain economic climate it is important to understand as much about your customers as possible.
Our Payment Predictor displays the average number of days overdue that a debtor typically pays their bills, this will help you quickly identify customers that represent a risk to your business and cashflow.
Reveal Historical Payments
The 12 month historical graph allows you to see a visual representation of how the business has been paying their bills. Deteriorating payment patterns are a lead indicator of risk and should be acted upon as a priority.
The statistics table provides further insight into the payment history of a business over the past 12 months by giving you a better understanding of their credit exposure across individual and all suppliers.
More Data Added to Payment Predictor
Deteriorating payment behaviour is a leading indicator of credit risk. The payment predictor assists CreditorWatch customers to understand a company’s payment history across a 12-month period, helping to identify slow paying businesses. The payment predictor now includes industry-specific data as well, allowing a comparison between how a business pays their bills versus their industry peers.
The payment predictor will be displayed in three formats depending on the data that CreditorWatch holds on an entity.
Entity & Industry Data
This format will display the payment history of the entity you are viewing as well as their industry average so that you can compare one to the other.
Our original version, this will show trade payment information on the entity itself including current payment behaviour and a 12-month trend.
Where CreditorWatch doesn’t have sufficient data on the entity itself to provide an accurate prediction, an industry payment trend will be displayed.
For more information on how payment predictor can help you, speak to your account manager.
More resources:How to use payment predictor