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.