Commercial Positive Trade Bureau

POSITIVE TRADE BUREAU IDENTIFIES SLOW PAYERS

Slow paying customers have become the No.1 concern for New Zealand SMEs as they struggle to balance cashflow issues with their business development objectives.

Fortunately, Veda's Commercial Positive Trade Bureau can help.

Veda's Positive Trade Reports give businesses the ability to look at another company's payment behaviour and make more informed decisions about giving that organisation credit.

If a company is taking longer to pay its debts it's a good indicator that it may be experiencing financial difficulties, giving you the opportunity to change your terms of trade and minimise the risk of bad debt.

Veda's positive trade reports are only available to companies who provide the bureau with their own positive trade data.

Once you start sharing this positive trade data you have the opportunity to view critical trade payment information including Current Purchases, Overdue Debt, Total Debt, the Weekly Billing Period, Monthly Billing Period, Trade Payment Days and the Moving Average.

Positive Trade Reports can help you address issues such as:

• Should I provide goods and services to this company on credit terms?
• How soon will I get paid?
• How many days does this customer take to pay suppliers?
• Has this company been paying other suppliers?
• What are this company's current purchases from other suppliers?
• What is this company's probability of default?
• How much credit should I extend to this company?
• Should I do long-term business with this company?

To find out more about joining Veda's Commercial Positive Trade Bureau please contact us  or click here for more information.