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Portfolio Health Check

Cleanse your data to reduce commercial credit risk

What is a Portfolio Health Check?

 

CreditorWatch's Portfolio Health Check provides a comprehensive review of a database, empowering businesses to validate their data, remove incorrect information, and identify risky customers and suppliers.

 

You'll be able to...

  • Identify the entities you're conducting business with and their possible risks
  • Stay on top of important customer changes, even if you're dealing with thousands of clients
  • Update and sync your database to make more accurate decisions based on the enhanced data

How does a Portfolio Health Check work?

 

A Portfolio Health Check cleanses your customer or supplier databases by performing the key tasks of data matching, data validation, data reconstruction and data standardisation.

A Portfolio Health Check also enhances databases by appending vital information from ASIC, ABR, AFSA, Australian courts, mercantile agents and CreditorWatch to each record.

Common Questions About Portfolio Health Checks

How is the Portfolio Health Check presented?
Once we enhance your data, the Portfolio Health Check is visually presented in a CSV output file alongside the original database, allowing you to easily cross reference both files or upload it into any system.  You can also opt for a visually appealing, in-depth analysis of the enriched database to help you make the most of your new and improved dataset.
What will the analysis show me?

The Portfolio Health Check will analyse key areas such as:

  • Data clusters and segments within your database
  • Segments that present significant adverse data
  • The data matching strategy in conjunction with ASIC and ABR
  • A snapshot of the entities with adverse data
  • A breakdown of each adverse risk factor
  • The next steps you should consider next
What departments would benefit from a Portfolio Health Check?

Portfolio Health Checks can be used by multiple departments to cleanse databases, such as finance, procurement, credit risk, accounts payable and receivable, sales, and marketing.

Find out how this leading Australian company benefitted from a Portfolio Health Check in this case study.

 

What can I achieve with clean data?

'Dirty data', such as incorrect and inconsistent information, can lead to the creation of invalid reports, a communication breakdown and factually inaccurate decisions.

A Portfolio Health Check cleans this data, allowing you to increase your business' profits and operational efficiency, perform better credit risk management and improve your product and/or service offerings.

Learn more about the importance of data cleansing in this blog post.

How often should I get a Portfolio Health Check?

We recommend a Portfolio Health Check is performed annually, such as before the end of the financial year, or before PPSR renewals.

Do I need to be a CreditorWatch customer to get a Portfolio Health Check?

You need to be an existing CreditorWatch customer to perform a Portfolio Health Check.

If you're a customer already, please contact your account manager for more information. If you're not a customer, try CreditorWatch for free now.