Entity and Ownership Information

Understand the trading history of an organisation and the people behind it

Without a full risk assessment of an organisation, the people behind it and the companies they are associated with it's often difficult to know the risk of an enterprise.

 

The post GFC rise of 'Phoenix companies', or companies who have gone into external administration and re-invented themselves means you need  a wider understanding of the complexity of the organisation and the people behind it.  It is imperative you know all company information before making a decision.  This is often time consuming requiring numerous reports and manual searches to gather a clear picture of an organisation. 

 

Veda's Entity and Ownership Information offers powerful insights into an organisation and the people behind it giving you deeper information to support your credit decision making and help reduce business risk. By combining commercial and consumer information, along with third party data, our insights give you the information you need in a single report.  Access to personal information (including individual commercial credit) is also subject to the Privacy Act and most users will have an NPP obligation you will need to address before ordering entity and ownership information (a trading history report).

 

Entity and Ownership Information allows you to:

• Make more informed lending decisions by gaining insight into a customer's willingness and ability to pay
• Helps ensure you are dealing with the correct legal entity
• Gain a more complete view of risk by including the proprietors/directors and their commercial and consumer credit history

 

The single report format means you can:

• Quickly gain risk insight and summary data on multiple related entities in a single report
• Proceed even further with your credit assessment with easy links to more detailed enquiries
• Save time and increase your workflow efficiency.

 

When accessing personal information users need to make sure that their disclose of personal information to Veda and the access to either individual commercial or consumer credit information is in compliance with the Privacy Act 1988 (the Act).