What is DebtorLogic?
Our trade program, DebtorLogic, helps you to better understand the risk a customer or supplier presents to your business by looking at how they pay their bills across the market. Deteriorating payment behaviour is the lead indicator that a debtor is in financial difficulty, which may provide an early warning of a default or court action.
DebtorLogic allows you to append a Credit Score and Payment Predictor to all of your customers so that you can review how they are paying other suppliers. This will enable you to respond to changing payment trends, stay on top of payment terms and prioritise your collections.
In addition, DebtorLogic summaries outstanding payments into easy to read graphs so that you can visually identify trends that need to be addressed. The program also flags high-risk debtors in relation to outstanding payments and reveals adverse information such as: ABN/CAN changes, winding up notices, mercantile enquiries, court actions, cross directorships, changes to credit scores.
How can DebtorLogic assist with your credit management process?
Assess credit worthiness and payment behaviour by appending a hybrid Credit Score and Payment Predictor to all of your customers
Allows you to see how your customers are paying you in comparison to the market
Helps you to respond to changing payment trends (both positive and negative)
Assists in prioritising collections, adjusting payment terms and managing expectations with customers
Review adverse and high-risk information in conjunction with outstanding balances
Summarises outstanding payments into easy to read graphs to identify trends
The Benefits of DebtorLogic
Stay ahead of bad debt
Identify high-risk debtors
Assess credit worthiness and payment behaviour
See how you are being paid in comparison to the market
Better manage your credit terms
Access unique data sources (eg: Xero & MYOB data)
How to use DebtorLogic