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Business Credit Reports

Check a business

A credit report is an insightful source of information that reveals the level of credit risk associated with a company, helping you decide whether or not to do business with them.

Just like any time that you personally apply for credit and must submit to a credit history check, you can now demand the same from your commercial customers.

Access a business credit report compiled by CreditorWatch and gathered from an extensive list of sources, not to mention our own thorough databases. You can access a credit rating immediately on potential or current debtors and ensure that you better understand the credit risk posed by a particular company.

A commercial credit bureau operates by continually gathering credit rating data from as many sources as possible in order to provide an accurate risk assessment of a business seeking credit in any form, and that’s exactly what we do.

 

Reporting Features

CreditorWatch aggregates vast amounts of data and looks at discrepancies between sources to provide the most comprehensive reports. Make accurate and informed credit decisions by viewing:

  • High risk indicators: payment defaults, court actions, debt collection records and administration appointments
  • Business lifespan
  • Company status
  • Director, address and shareholder details
  • Cross directorships and phoenix activity: identify directors with other previously failed, or failing companies

Let’s start off by explaining what it is that CreditorWatch actually does for businesses in Australia: we provide affordable credit information in the form of a business credit report about any legal entity. Sounds simple, right? Why haven’t you thought of seeking out these kinds of services before? Might something like this have helped you to prepare for previous cash flow slumps and avoid bad business debt in the past?

The answer to that question is probably because you didn’t know that you could, or that you were worried that the process wouldn’t be financially viable. CreditorWatch was created to solve both of those problems.

Small businesses, in particular, have tight enough margins without going to the expense of purchasing a full business credit report for every company on their debtor list. Well, that is, until now. Regular credit reporting has been, traditionally, the privilege of big business and not considered accessible to smaller businesses. The kinds of information small businesses could afford from a commercial credit bureau may not have been as exhaustive as they needed to be or may only have included information from the last 12 months or so.

Information that we gather as part of our business credit report is taken from reputable Australian financial sources which include company history from the Australian Securities and Investments Commission (ASIC), the Australian Business Register (ABR), the Australian Financial Security Authority (AFSA) which reports bankruptcy data, as well as the Australian Courts and debt collection agencies. We also collect data from our own users who as they can register credit defaults against companies they are chasing for outstanding accounts. Our services also include the ongoing monitoring of your customer database so that you receive notifications for important changes that could affect their credit score, credit report and ability to pay their bills.

Get in front of your receivables and avoid bad debts with our help. Forewarned is, after all, forearmed and your business stands in greater stead when you know what to expect from the future. Let us help you to manage your business with an eye to the long term success and not just on today’s cash flow crisis. Plan smarter, spend more wisely and minimise your risk with CreditorWatch.

To find out how you can get a free copy and register for our free trial, follow the link provided and register your business: https://creditorwatch.com.au/how-it-works.

What will I get alerted on?

  • Payment defaults
  • Court actions
  • Insolvency notices
  • Mercantile inquiries
  • Administrator or liquidator appointments
  • ABN/ACN changes
  • Company status changes
  • Directors joining or leaving a company
  • Address changes

What are the benefits?

  • Be alerted to businesses that are accumulating debt or defaulting with other suppliers
  • Save time and resources with cost-effective automation
  • Respond to email alerts for real time changes to quickly prevent the risk of bad debt
  • Get time back to focus on growing your business
  • Monitor any business including past and potential customers
  • Sleep well knowing CreditorWatch is keeping a close eye on your customers