Before doing business with a new customer, you should check their credit report to help you determine their credit limit, maximum invoice amount, and whether you require payment upfront from them in order to minimise your risk and ensure you’ll be paid.

When you add customers to your watchlist, CreditorWatch will monitor the financial health of those customers 24/7 for any changes that might impact your business, such as late payments to other suppliers or going into administration. You will receive a real-time alert via email when these changes occur.

Changes can occur to any business, so monitoring customers that you regularly invoice will allow you to update your payment terms for any particular customer as their risk level changes.

Yes, you can change your current plan easily from your account settings.