Issue 409 (Week ending 28/07/2020)

To help you protect your business in this new higher risk market, we have listed 6 low cost ways to help you identify higher risk customers and seek additional guarantees where necessary.

6 Ways To Identify Higher Risk Customers Post-Covid

2) Monitoring & Alerts
Why not add your important customer portfolio to our risk monitoring alert. This service is included in your Vision-net subscription so you will have no additional charge. Simply click on the company to view any report on Vision-net and we can automatically add them to your future alerts list. This means you will be the first to know of any fresh documents or material change.

3) RiskWatch & Insolvency Monitoring
Keep up to the minute with our daily insolvency and adverse notices on the Irish economy.

4) Customer Risk Audits
We can run a customised Risk Audit of your customer portfolio and append the latest financials, credit score, judgments, credit limits or key financials. This will enable you to build up a risk dashboard of the companies that affect your business.

5) Bad Debt Judgments
Continually monitor for adverse notices any company's bad debt repayment history.

6) Post-covid Resilience Factors
Well capitalised businesses with good bank reserves and liquidity ratios in less affected industries will have a greater capacity for faster recovery.

All of the above are low cost and hassle free ways to identify risk in the companies you are dealing with. To view a credit report on any company simply logon to Vision-net today, or if you would like us to run a risk audit on your monitoring list or ledger just call us today Tel: 01 903 2657.

For a full list of how we can help your business avoid risk download our Back To Business playbook by clicking here.