New features provide quick, clear access to important risk insights
We’ve recently introduced new features in our credit report to improve access to key business information and help you make more informed credit decisions about your customers and suppliers.
Addition of ATO tax defaults to summary tiles and cross directorship section
What’s new
We want to help you make better and faster credit decisions around businesses with ATO tax defaults by making this information much easier to find. While ATO tax defaults are not a new feature on CreditorWatch reports, they are now highlighted at the top of the page for improved visibility.
Details
The new tile indicates whether the entity has an outstanding ATO default, and if so, it also includes the dollar amount that is outstanding. More information can be found by clicking on the tile.
Where to find it
Credit Report of an entity → Top summary tiles
Credit Report of an entity → Cross directorship section
Benefits
Faster risk detection
Immediate visibility for quicker decision-making
Improved visibility of credit report downloads and ASIC extract purchases
What’s new
We’ve made it easier to download a credit report and purchase ASIC extracts if they are outdated. No more navigating through multiple steps! This update makes it easier to identify when a meaningful ASIC update is available, and faster to access and download the update.
Details
Direct credit report download
The PDF credit report can now be downloaded directly from the online credit report, without going to the “Generate Report” section.
Improved ASIC refresh visibility
The yellow “New ASIC Extract available - Review and Update” banner has been moved to the top of the credit report, making it easier to notice and act on.
Combined report and ASIC extract options when a refresh is available
A checkbox will be available to purchase the ASIC extract before downloading the report. This is purely optional, and you can choose to download the report without purchasing the ASIC extract. However, we recommend purchasing them in these instances to get updated information, which might be critical to understanding the risk profile of the business.
The credit report will then be generated with updated ASIC data, if selected.
Where to find it
In the credit report of an entity.
Benefits
Download a basic credit report with fewer clicks
Spot ASIC refresh availability faster
Purchase ASIC extracts and generate updated reports in one flow
Key contributing factors driving a business’s RiskScore
What’s new
We’ve added more transparency to RiskScores. Users can now see the key contributing factors that are driving a business’s risk score and risk rating — right in the RiskScore section.
This helps you understand what’s behind the risk score and rating, at a glance.
Details
A refreshed look for risk score and risk rating section
Key drivers displayed: Users can view the main factors influencing a business’s risk score and rating (e.g. late payments, adverse directorships, etc). These factors can drive the ratings either in a positive or in a negative direction. The same will be highlighted with a green or a red arrow, respectively.
“Learn more” link added: Users can dive into a detailed explanation of what each factor means and how it impacts the score or rating by clicking on the learn more hyperlink.
Where to find it
Credit report of an entity → In the RiskScore section → Key contributing factors
Benefits
Get clearer insights into what’s behind the score and rating
Make faster, more confident decisions
Spot red flags and risk trends earlier