No matter what size your business is, chances are it's likely to be affected by changes under the PPS Act. These changes mean that title and ownership are no longer enough to assert an interest in goods. To help protect against bad debt, and to minimise risk, businesses must accurately register security interests on the PPSR to protect their rights over goods.
Businesses also need to protect their security interests in the products they sell or loan to customers, to help ensure priority of their security interest over a good that is sold or loaned to a customer. This way, the business is better protected against bad debt in the event of a customer's insolvency.
Veda is the market leader in PPSR solutions and delivers superior services to businesses and organisations that need to search, and register with, the PPSR.
Veda's online PPSR portal, VedaCheck, helps organisations to search and register accurately and quickly on the PPSR. Not only this, but VedaCheck offers inbuilt functionality for bulk registrations and contingency capabilities if the government PPSR website goes offline. These solutions combine to give Veda's business clients a fast and user-friendly online PPSR experience.
Through Veda's PPSR online portal, Veda's business clients also benefit from integrated commercial risk searches available via the same VedaCheck portal; all designed to help save time, and help maximise business efficiency.
To enable this cross functionality, Veda has developed VedaCheck with our business customers in mind. These online services connect to related commercial risk searches on the VedaCheck portal - including Company File records, Bankruptcy data, and Land Titles searches.
Veda's PPSR online solutions are layered with benefits to help mitigate commercial risk, and support fast and accurate due diligence processes at every milestone of commercial-risk management.
To find out how your business can streamline its PPSR processes and integrate commercial risk solutions, contact a Veda Account Manager today.