With the economic impact and volatility caused by the COVID-19 outbreak, businesses now should focus on building resilience and lowering business risk as much as possible.

Ordinarily, you may have standard measures in place to check the creditworthiness of your clients and suppliers before any agreement. In today’s context, it is even more important to be able to proactively monitor your portfolio, especially if your customers are showing early signs of credit distress and are at risk of delaying payments.

Having an “always-on” monitoring service setup triggers timely intervention to safeguard your business.

In a period of prolonged economic uncertainty, you need to ask these critical questions and take the necessary actions to stay on top of volatility:

 

“Will my customer be able to pay me back in 6 months?”
Get alerts when one of your customers’ credit score has showed significant positive or negative score shifts with Risk Watch
“Has my customer been recently involved in any legal proceedings?”
Get critical updates like filings for bankruptcy, origination summons, Courts records, etc with Litigation Watch
“Are there changes to my customers’ management or ownership?
Track key changes, such as changes in legal name, legal address, business filing status or changes of directors with Business Watch
“Has my customer filed their latest financials?”
Stay across your customers’ latest financials filed with ACRA with Financial Watch
“Has my customer been recently blacklisted by other companies?”
Check your portfolio for updates on blacklisting, payment delays with Payment Watch

 

REGISTER NOW FOR FREE CREDIT MONITORING SERVICES

To support businesses during this challenging period, Experian is pleased to offer complimentary usage of our Monitoring services* (as captured above) from now till 15 July 2020 for the first 500 registrations. Simply register with us before 31 May 2020.

Click here for more information on Experian’s Credit and Information Services.

For enquiries, please contact us at cs@experian.com or +65 6320 1900.

 

REGISTER NOW

*Terms & Conditions apply