Business Credit Reporting Services

Helping business make informed credit decisions since 1996.

Thorough research into a potential client's financial capabilities is crucial for a business to:

avoid financial losses by assessing their ability to meet commitments, mitigate risk, and ensure a strong, profitable client relationship. This involves understanding their current financial health, market position, and spending habits to determine if they can afford your products or services, preventing future disputes or defaults and ensuring mutual long-term success. 

Why thorough research is important

• Risk Mitigation: Researching a client's financial health helps a business avoid taking on clients who are unlikely to pay, thus protecting the company from bad debts and associated financial strains. 

• Informed Decision-Making: Understanding a client's financial capacity enables a business to decide on appropriate credit terms, payment schedules, or even the initial decision to offer services or products. 

• Predicting Viability: Researching a client's market position and spending trends can help determine the long-term viability of your relationship, ensuring they can sustain their purchasing habits. 

• Building Trust and Professionalism: A business that demonstrates due diligence in understanding a client's situation shows a commitment to professional and ethical conduct, which can foster a stronger, more trusting relationship. 

• Maximizing Resources: Instead of spending time and resources on clients who cannot afford the commitment, a business can focus on those who can, leading to more efficient operations and growth. 

Key areas we research

• Financial History: Examine payment records, credit history, and overall financial stability to gauge their ability to meet financial obligations. 

• Market and Industry Position: Understand their market share, competitive landscape, and overall industry health to assess the stability of their revenue streams. 

• Spending Habits: Analyze how a client currently spends money, their typical purchasing behavior, and their motivations for buying to see if your offerings align. 

• Cash Flow: Research their cash flow patterns and liquidity to ensure they have sufficient funds to meet new financial commitments. 

• Past Performance: Look at how they've handled past financial commitments to predict future reliability. 

With offices in London and Melbourne, Australia, Verifax International Credit Services Limited is the choice of exporters and export credit insurers worldwide.

Whether you’re an international exporter, information broker or credit insurer, we can provide tailored solutions matched to your exact requirements. We specialise in Australia, New Zealand, Papua New Guinea, Fiji, and most South Pacific nations. We are also a gateway for international business and credit information through our extensive network of international correspondents on all continents.