In our February 2025 release, we’ve focused on further automating your customer onboarding tasks and now, tackling fraud right from the very start – when you look to bring on a new customer!In 2023, Australian businesses submitted 4933 scam reports and experienced losses of $29.5 million.
In FY24 the average self-reported cost of cybercrime per report for businesses are:
- small business: $49,600
- medium business: $62,800
- large business: $63,600
We’ve heard our customers express challenges with tackling fraud and built solutions to help businesses ensure they’re bringing on trustworthy, reliable customers, not fraudsters.
Don't get stung by fraudsters*
Our customer onboarding solution now includes checks to identify and mitigate fraud.
Bankruptcy checks of office holders
Directors and officeholders who have been bankrupt are likely to pose more risk to your business. Protect your business by automatically rejecting or referring applications from businesses with directors and/or officeholders who have been bankrupt.
Domain age checks
The age of an email domain can be indicative of fraudulent activity. Our new check allows you to refer, reject or approve applications based on the age of an email domain that you specify. **
IP Address validation
Find out if an application is coming from someone who is impersonating a legitimate business using our improved IP address validation capability.
Onboard New Zealand businesses faster*
Automatically check credit reports for New Zealand businesses so you can make informed credit decisions faster and start trading quickly.
*Configuration required, additional costs may apply
**Restrictions for specific domains apply, get in touch for more information
Our February 2025 product updates expands on our existing capabilities and tackles challenges that our customers have expressed.Here’s what we’re helping our customers with:
Stop the leaky bucket and get paid
Can’t keep up sending overdue invoice reminders? Our automated collections solution now connects to any accounting tool via API and CSV upload, or simply click and connect with:
- Microsoft Dynamics 365
- NetSuite
- MYOB Business and Accumatica (prev. Advanced)
- Direct API
- Xero
Get in touch
For more information or to ask questions about CreditorWatch’s recent and future platform enhancements, get in touch here.
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