PayQuo™ Score
The ClientChecker PayQuo™ Score is a numerical indicator of how a company has paid its bills over the past 4 months, based on the trade experiences reported to ClientChecker from its users, as well as from users of BillingTracker time billing software.
The PayQuo Score is only displayed if there has been a minimum of 3 trade experiences in the past 120 days. If these criteria are not met, the score will be unavailable.
The PayQuo Score is computed according to the following table:
|
90 |
Pay Early or According to Terms |
|
80 |
Pay 10 or Fewer Days Beyond Terms |
|
70 |
Pay 20 or Fewer Days Beyond Terms |
|
60 |
Pay 30 or Fewer Days Beyond Terms |
|
50 |
Pay 60 or Fewer Days Beyond Terms |
|
40 |
Pay 90 or Fewer Days Beyond Terms |
|
30 |
Pay 120 or Fewer Days Beyond Terms |
|
20 |
Pay More Than 120 Days Beyond Terms or Payment is Written Off |
Example of PayQuo Score computation: Company X is reported to have paid 10 days, 20 days, and 90 days beyond terms by three suppliers. PayQuo Score is (80+70+40)/3=63.