Veda Commercial Credit Analysis
Keep your data active
Experience in ledger cleansing indicates only 60% of entities on the average trade credit ledger, will have the correct legal identity of the customer. When overdue accounts are referred for commercial collection the legal identity of the debtor is in doubt in 60 - 70% of cases, therefore ensuring the correct legal entity is identified in the first instance reduces time, money and risk in the future.
The many benefits of consucting a Commercial Healthcheck
- Assists organisations to accurately identify the correct legal entity of each debtor contained in their ledger
- Enables organisations to understand the potential risk that may be associated with their ledgers at any given time
- Allows customers to pin point problem accounts and manage them accordingly
- Improves the chance of recoveries when experiencing problem debtors
- Focuses on debtors that could potentially pose problems
- Evaluates the benefit of contributing trade payment data.
What do I need to do for a Commercial Healthcheck report?
- Provide us with a list of all or some of your commercial customers
- We "wash" your ledger against the Commercial Bureau
- Subject to legal requirements we can also help verify Director information and Director adverse credit history by "washing" your debtor ledger against our Consumer Bureau
- Cost is subject to the amount of customers, matching requirements, and includes graded benefits linked to your annual spend.
A Commercial Healthcheck reports contains
- Company name
- Registration number
- Company status
- Number of years registered
- Number of credit active years
- Number of previous inquiries
- Payments defaults
- Collection Agency defaults
- Court judgments
- Trade payment detail held on entity