Veda Commercial Credit Analysis
OfficerPlus provides a VedaScore Plus on selected directors, sole traders and principals of registered organisations.
VedaScore Plus is a separate report which provides the VedaScore and details the personal credit history of the applicant.
The Credit Reporting Privacy Code 2004 requires consent for this inquiry.
Before you give credit, know the score.
New Zealand business is under the hammer. In these tough economic times, more and more customers are looking to delay paying their invoices, or avoid them altogether. Bad debt is on the rise, along with identity fraud. And it's your business that may take the brunt of the fallout if you don't take complete control of your credit processes.
New VedaScore Plus helps you reduce the risks by providing a more accurate measure of a customer's credit ranking, including a Driver Licence check to verify the identity of the customer.
These two key attributes make VedaScore Plus one of the most effective weapons against bad debt and identity fraud.
When assessing credit applications most companies draw on a wide variety of information. The challenge is how to compile and rank this information to get a better assessment of risk.
Veda, New Zealand's largest holder of credit related information, has used advanced statistical modelling techniques to provide you with a simple and effective solution - VedaScore Plus.
A new weapon for a new world.
It's no longer easy to identify which customers should get credit. Even some of your oldest customers may be at risk of defaulting. You need a new way to identify potential bad debt risks before they bite.
New VedaScore Plus now makes it simple and easy to assess potential credit risk. Every applicant is scored according to how their credit information compares to other credit-active New Zealanders at that point in time. It then gives a numerical score to help you determine whether the application should be accepted or not.
The higher the score, the lower the risk. VedaScore Plus gives you the power to make the right decision quicker.