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Our system analyses three data sources to categorise your customers into risk groups: their late payment score and failure risk score provided by illion; their current degree of lateness in paying your invoices (as recorded in your accounting software); and your own thresholds for reasonable-to-critical lateness. (We have default settings that you can change.)
We use a few pieces of information to allocate your customer to a risk group.
- Australian Business Number (ABN)
- If a registered business number isn’t available, then we look to match the debtor’s business name and address in your accounting software with an ABN or NZBN
Yes, and this will be reflected in your dashboard. If a customer’s risk group rating or risk level changes, it means that data from at least one of the three data sources we use has changed enough to move your customer's rating. Your internal data may change daily as your customers trade with you. We receive external trade data from illion once per month.
The risk analysis is designed to give you action-oriented insights. Use the information in conjunction with your business’ policies and terms to determine your next course of action to avert a financial loss.
Our plans allow you to choose up to 100, 200, 300 or custom-size customers to our monitoring service. You will receive dashboard notifications when these selected customers register a notable change to their activity in the market.
ezyCollect will also analyse and rate customers that aren’t included in your monitoring service. Every eligible customer regardless of the size of your customer database will be analysed and rated.
Your business risk and insights hub will immediately start receiving relevant alerts for the customers you have selected for monitoring. Your customers will be analysed and assigned credit risk ratings 2 to 4 weeks after ezyCollect recognises a new customer on your books. Once assigned, a customer's credit risk can change daily.
illion, formerly known as Dun and Bradstreet, is a leading credit and risk reporting bureau in Australasia. ezyCollect works in partnership with Illion’s commercial credit registry for trusted data and analytics on commercial entities’ credit profiles.
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