Commercial Monitor Alert

Stay alert to changes in your customers' credit risk

Your existing customers may look good on your books but are they accruing credit elsewhere? Do you really know your current level of credit exposure?  More and more Australians are being offered credit products which in turn impacts the level of serviceability of loans by commercial customers. You need to be informed as soon as your customers show signs of credit stress.

 

Ongoing credit monitoring of your commercial customer base provides you with a broader view of risk exposure. Veda's monitor alert service allows creditors to proactively monitor customers to reduce risk and make early decisions about the management of higher risk customers.  By using our alert service you can proactively manage any changes in your customer's credit status, rather than reacting when it may be too late. 

 

Veda's commercial monitor alert:

• Notifies you of changes to your customers' credit files providing an early warning that a customer may be having financial difficulties and giving you the opportunity to proactively manage your customers
• Gives you an eAlert email if any nominated adverse event occurs in the 90 day period before the eAlert was lodged
• If requested, provides an automatic alert when a new address is added to Veda's commercial credit file of an debtor that you have listed as a clearout allowing you to take appropriate follow up action to recover the debt
• Delivers 24 hour access to load and update alert monitors
• Starts monitoring instantaneously once the alert has been loaded online
• Provides an audit trail of all monitors online
• Helps you to act quickly to avoid potential loss of payments.