Metcash Transforms its Reporting Capabilities with EDX
Metcash is a large Australian wholesale distributor, delivering products to more than 10,000 retail premises and 90,000 wholesale customers across the food, grocery, liquor and hardware markets. Their retail brands include IGA, Foodland, Mitre 10, Home Timber & Hardware and the Bottle-O.
With such an extensive customer base, Metcash faced the challenge of registering a large number of security interests on the Personal Property Securities Register (PPSR).
“It was important we registered correctly and effectively, so I engaged EDX from Equifax to assist with that process,” explains Bruce Bills, Metcash Security and Risk Manager.
Bruce explains that Metcash were attracted to EDX due to the bulk registration capabilities of their custom software ESIS, which would enable tens of thousands of registrations to be viewed, filtered and validated quickly and easily.
PPSR Reporting Benefits
Metcash was also attracted to the benefits of transforming complex registration data into summarised PPSR reports.
Bruce says, “ESIS gave us the ability to do searches to see all our registrations quickly. And the actual process of doing registrations was more straightforward because it had built-in automated templates.”
“The ability to download reports from ESIS is so useful, and we continue to use these reports and run them every couple of weeks.”
Bruce explains that it's a benefit to be able to pull down their whole portfolio of registrations and use it as a reference point for all the queries they get on their registrations.
By using ESIS, Metcash has been able to cut out the element of human error. Registrations now happen at the point that credit is approved and the whole process is streamlined.
“Now no one has to worry about errors or omissions in registrations, and we can run reports whenever we need. EDX’s professional advice and customer support have made life so much easier.”
For purpose-fit guidance and exceptional support in validating, updating and renewing PPS registrations, contact our PPSR specialists at EDX by Equifax. With 40 years of combined experience in insolvency and credit management, they make it their mission to help businesses like yours use the PPSR to insulate against risk, including negotiating with insolvency practitioners to protect your rights as a creditor.
Disclaimer: The information contained in this article is general in nature and does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstance before acting on it, and where appropriate, seek professional advice from a finance professional such as an adviser.
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