What is Scored Insights?
Scored Insights is the combination of the CreditorWatch RiskScore and Payment Predictor.
With Scored Insights, you get access to both of these tools, enabling you to make smarter decisions about your customers and prospects. It allows you to assess both the credit and late payment risk of an entity.
No other commercial credit bureau in Australia offers these combined insights.
CreditorWatch RiskScore is one half of Scored Insights and the most predictive company credit score and rating system in the market. Utilising sophisticated machine learning technology and multiple subsets of unique data, RiskScore helps you assess an entity's creditworthiness and predict their likelihood of default in the next 12 months.
Whether you’re performing a credit assessment on a company, sole trader, trust or other entity type, RiskScore calculates a numerical credit score between 0-850. The higher the score, the lower the risk of business failure.
RiskScore also ranks entities based on their riskiness with one of 14 credit ratings, from A1 to F. These ratings are categorised within eight risk levels from very low to default, so you can clearly determine the entity's creditworthiness just by glancing at a credit report.
The CreditorWatch Payment Predictor gives you visibility of an entity's payment history, including the average number of days they took to pay their bills across a 12-month period.
Industry payment history is also available, so you can compare how the business is paying in relation to other entities in the industry.
If they are slower than the industry average, it's a good indication that this entity is a slow-paying debtor. Late payment of invoices or deteriorating payment behaviour is a leading indicator of credit risk.