Payment terms are the conditions under which a seller completes a sale. These may include cash in advance, cash on delivery, or a 30 days deferred payment period.
The healthy cash flow of your business may be contingent upon getting your invoicing and payment terms right. If the terms are set out clearly and established from the outset, your customer is more likely to pay on time.
If yours is a business that offers invoice payment terms of 30 days or more, it's important that you check your customer's financial standing before providing credit.
Business Credit Express, a part of industry-leading Veda (formerly Baycorp Advantage), can analyse company accounts, obtain bank references and verify trade references to ensure your customer is a sound credit risk.
Throughout Australia businesses use our Business Credit Express credit reports to help minimise the risks associated with doing business and providing credit. Our reports target companies of all sizes.
Company Credit Report
If you need to assess a low-to-mid exposure account, the Business Credit Express Company Credit Report can quickly but comprehensively establish creditworthiness. The report includes a credit risk assessment and is based on Veda credit data, plus publicly assessable information.
Company & Director Report
An extension of the Company Credit Report, the Company & Director Report is intended for SMEs, plus directors, with up to 20 employees and earnings of $10 million.
The Business Credit Express Investigative Report includes both interviews and research. It is compiled by highly-trained analysts from the Veda Australian Business Research division. The in-depth dossier incorporates capital structure, company shareholders, registered charges, key financial data, operations and current investigations. A standard Investigative Report will be delivered in 5-7 days, while a priority Investigative Report will be delivered in 2-3 days.
Business Credit Express reports are sold online. Should you require further information before making a purchase, please don't hesitate to contract a Veda representative on 1300 921 621 or email email@example.com.