Choosing the Right Credit Check

"I just want to run a quick check on the background of the business I'm about to supply services to."

You want to check out the background of a business - all you need to tell us is the legal entity name or company registration number. In return, you can find out all available information on the Veda bureau regarding that company including the names of the directors, the company credit history, and any background information on the history of the organisation.

"I'm getting a lot of business from this new client but should check out the business and the people behind it before I agree credit and payment terms with them."

All you need to tell us is the legal entity name or company registration number, and confirm that consent from all of the directors has been received.  In return, you can find out all available information on the Veda bureau regarding that company including the credit history of the organisation as well as the credit history of the individuals of the directors who are running the business.

"I'm doing business with a few companies that are quite established, but I want to make sure they're financially secure and see what their payment history is like, they're asking for a high credit and extended payment terms so I need to do my research."

In addition to receiving the information on the credit history of a company and their directors, you can also request to see the available current trade payment of a company.  As part of this sharing of invaluable data, companies who wish to see trade payment data must also share their aged receivables data.

"I'd like to know if my customers are applying for credit or defaulting on payments with other suppliers or financiers - then I can act accordingly if they're struggling financially."

With Alert Monitor you can set up an alert on a company or a director so that you are notified any time they apply for credit or default on a payment. This way you can make sure you're in control of your ledger and can act accordingly.   Alerts are free - you only pay for the alerts you receive.  You can set up a single alert or apply Alert Monitor for everyone on your ledger (where  you have sufficient authorization from the individuals. )