Reduce your business' credit risk
When you take on any new debtor, you know that there is going to be some inherent risk that they just won’t pay their invoice. It doesn’t happen all of the time and it’s usually not due to any deliberate attempt to thwart you of what you rightly deserve. However, the need to be vigilant and aware of how your customers are trading on an ongoing basis is critical, and that’s where CreditorWatch can help.
Employing ongoing and reputable credit monitoring services ensures that you maintain strict control of your debtors, thereby reducing your own financial and credit risk.
Ongoing credit monitoring
Just because a business credit report shows that a debtor has a clean credit file, it may not actually be an accurate indicator of their future financial health. That’s exactly why ongoing business credit monitoring is the best way to manage a debtor.
As changes occur to your customer or customers, we will provide you with real time email alerts and notifications. If a debtor goes into administration, is taken to court or stops paying other suppliers, we will notify you. The more information you have, the better you can predict the future and maintain a stable upward trajectory.
CreditorWatch is the business credit monitoring watchdog that gathers business credit score information on any legal entity that you trade with in Australia. We specialise in offering our clients a range of accounts receivable practices and tools which will help a business owner to more accurately manage their commercial credit risk and keep cash flow levels just right. This is particularly useful for small and medium business owners who often don’t have the luxury of dedicated credit teams.
You need to have access to all of the information available and our credit information sources are the among the most thorough and reputable sources in Australia. As a credit bureau we maintain our business credit monitoring by offering a complete ongoing picture of a customer’s health. We not only utilise in-depth credit report and score databases which we have compiled, we also seek information from the Australian Securities and Investments Commission (ASIC), the Australian Business Register (ABR), Australian Financial Security Authority (AFSA bankruptcy data), as well public records available from Australian Courts and also debt collection agencies which may have registered defaults against your existing customers.
To find out how business credit monitoring can help your business to effectively manage credit risk, register for our free trial. You can experience our regular email alerts when information relating to your debtor becomes available and feel the peace of mind of knowing that you are staying informed and on top of your debtors. We can even help you to improve your current accounts receivables process with small tools like using our logo on your outgoing invoices to help encourage your debtors to settle accounts within the stated terms you have offered.
Only by proving our worth are we willing to win your trust, so our free credit reports will be the first step toward proving that our business credit monitoring service is the best way that your company can keep an accurate and timely eye on anything that might affect them, either right now or further down the track.
Follow this link and register today for your free look at what CreditorWatch can offer your business: https://creditorwatch.com.au/how-it-works.