“A credit report is a detailed record of a business or individual’s credit history, which includes information about their credit accounts, credit inquiries, and payment history. This report is compiled by credit reporting agencies, such as CreditorWatch, based on the data provided by lenders, credit card companies, and other creditors.”
“Before doing business with a new customer, you should check their credit report to help you determine their credit limit, maximum invoice amount, and whether you require payment upfront from them in order to minimise your risk and ensure you’ll be paid.”
“When you add customers to your watch list, CreditorWatch will monitor the financial health of those customers 24/7 for any changes that might impact your business, such as late payments to other suppliers or going into administration. You will receive a real-time alert via email when these changes occur.”
“Changes can occur to any business, so monitoring customers that you regularly invoice will allow you to update your payment terms for any particular customer as their risk level changes.”
“Yes, electronic signatures are legally valid in Australia and are governed by federal and state legislation.”
“The Personal Properties Securities Register (PPSR) is an official Australian government register. For businesses, the PPSR is the only way to enforce their retention of title clauses against customers in the event of insolvency. If a customer becomes insolvent recouping losses will be extremely difficult or impossible if you haven’t registered your interests on the PPSR.”
“Yes, you have the option to add your own form fields.”
“Yes, we offer API integrations to easily connect your customer data to your CRM/ERP.”
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