CreditorWatch, Australia’s leading credit reporting bureau, has today launched a Portfolio Risk Benchmarking Report, providing Australian businesses with unprecedented access to credit risk benchmarking insights.

The free report is available to commercial lenders and financiers and businesses with a turnover of at least $250 million.

Businesses can access a free Portfolio Risk Benchmarking Report here.

With the latest CreditorWatch Business Risk Index showing that trade payment defaults have risen 30% YoY, businesses need to arm themselves with as much information as possible to protect revenue and avoid payment defaults.

Portfolio Risk Benchmarking Reports are a critical tool for businesses looking to better understand how their customer portfolio credit risk compares to others, and the steps they need to take to avoid payment defaults.

The benefits businesses receive from a Portfolio Risk Benchmarking Report include:

• A comprehensive understanding of the creditworthiness of entities in their portfolio, benchmarked against the national average, commercial banking portfolios and alternative finance customers.
• An understanding of the risk profile of the geographical area in which they operate and how their business compares to others in the area.
• A business maturity risk profile of their portfolio – recognising that the default rate remains high for businesses less than 5 years old with peak default rates occurring between years 2-3.
• A complete business type segmentation of your portfolio (Private / Public / Sole Trader / GST registration status).

CreditorWatch CEO Patrick Coghlan said: “From inflation to interest rates, supply chain problems, labour shortages, and falling consumer demand Australian businesses are facing tough times. Businesses need to take extra measures to ensure they can survive and thrive and it is increasingly important to have proper credit risk management processes in place and monitor the health of your customer portfolio. Portfolio Risk Benchmarking Reports arms businesses with benchmarking analysis and insights to help navigate the storm and come out on top. If you’re a business owner looking to gain a competitive edge in challenging times, then make sure you take advantage of this valuable resource today.”

About CreditorWatch

CreditorWatch is a digital credit reporting agency, headquartered in Sydney. From sole traders through to ASX listed companies, more than 50,000 Australian customers avoid high-risk debtors and ensure they get paid on time. CreditorWatch customers can easily search for and monitor the credit history, court actions, payment defaults and insolvency notices associated with any business entity in Australia and New Zealand (including sole traders, trusts and partnerships) giving them an incredibly accurate picture of the risk posed to their business. The company was founded in 2011 and has offices in Sydney, Melbourne and Brisbane. 

Contacts

Michael Pollack
Head of Content, CreditorWatch
michael.pollack@creditorwatch.com.au  
0422 513 258

Laura Sanford
Group Account Director, Herd MSL
laura.sanford@herdmsl.com.au
0455 145 164