Depending on the product or service they're purchasing, commercial consumers may have an expectation that credit will be extended to them.
That's why, for businesses of all sizes, it's essential that they have a decisive credit policy that stipulates how much credit will be extended and under what terms.
You business' credit policy is unlikely to be the same as your nearest competitor's. You must consider cash flow, the current economy, risk exposure, and industry standards. To offer a policy with confidence you must also have a practice in place of thoroughly assessing new business accounts.
Business Credit Express' industry-leading credit reports can uncover areas of potential concern in a new client or business associate's credit history.
Cause for concern may include habitual late payment, loan defaults or even bankruptcy. As a part of Veda (formerly Baycorp Advantage), Business Credit Express' reports are comprehensive, utilising our own data - the largest resource of its kind in Australia - as well as government and public record information.
Our Business Credit Express reports include:
Investigative Report
An in-depth Investigative Report from Business Credit Express is the work of world-class analysts from Veda's Australia Bureau Research division. Extensive interviews and research are incorporated into the report, which can take 2-3 days (priority) to 5-7 days (standard) to deliver.
Company & Director Report
A Company & Director Report includes a comprehensive risk assessment based on Australian Securities and Investments Commission (ASIC) and public record data.
Credit Report
A Company Credit Report is primarily intended for low-to-mid exposure accounts. It's based on public record information plus Veda data.
ASIC Company Report
Shareholder class, shares issued, and shareholder structure are includes in the ASIC Company Report, in addition to corporate structure and directorship information.
Purchase your Business Credit Express reports online today. For additional information, contact a Veda representative on 1300 921 621 or email us at subscriber.assist@veda.com.au.
