A survey of small businesses earlier this year showed that nearly half had been hit hard by bad debts in the last 12 months.
Each year, bad debt will cost New Zealand businesses hundreds of millions of dollars. In 2010 alone, 4,457 NZ businesses were listed as going into liquidation. Yet few business owners understand the importance of a simple credit check and how easy it can be to protect your business from bad debt. Veda believes that the more you know, the better prepared you will be.
Credit Checks
A quick credit check on a business or an individual could save your business from bad debt.
Customer Alerts
Track your customers' credit activities and proactively manage changes in thier credit status.
Consumer HealthCheck
Find out exactly which customers you should be targeting and extending further lines of credit to.
