Mimo Pay Scores
Our Get Paid feature includes Pay Scores, providing insights into your customers’ payment habits. Drawing on accounting data, Mimo analyses past payment behaviour to predict when customers are likely to pay. With these insights, you can strategically plan reminders to encourage timely payments and improve cash flow consistency.
What are the different pay scores?
🔴 Late Payer, e.g., payer has a history of delayed payments, with a significant number of invoices paid well past the due date. Their pay score is marked in red.
🟡 Average Payer, e.g., payer has a mix of on-time and delayed payments, with a notable number of invoices not paid on time. Their pay score is marked in yellow.
🟢 Timely Payer, e.g., payer consistently settles invoices on or before the due date, with minimal delays. Their pay score is marked in green.
Do pay scores change over time?
Pay Scores adjust dynamically with each new payment a customer makes. Every time a payment is received, the score recalculates using the latest data, ensuring your customer’s Pay Score remains current. This provides you with an accurate, real-time view of their payment behaviour, helping you make informed follow-up decisions.
No pay score visible?
If a Pay Score isn’t visible, it’s likely due to insufficient payment history. Mimo requires a minimum of three paid invoices within the past year to generate an accurate Pay Score, ensuring reliability in assessing payment patterns.