Manage credit risk by validating building licenses automatically
Business Problem
Businesses that lease or hire equipment, sell goods on credit or sell goods on cash terms to the construction and building industry face a high credit risk. Construction has one of the largest rates of insolvency, and rapidly rising. Ensuring each customer’s building license is valid is a key risk mitigation strategy, but when done manually is a time-consuming task.
Product Solution
Our leading-edge credit risk management solutions provide automated building license validation throughout the customer life cycle. Not only do we validate the license, but you can also view the certificate.
- Once-off validation for new customers, integrated within our trade application or credit assessment process.
- Ongoing validation throughout the customer relationship as part of our continuous monitoring service, giving you confidence to continue to trade.
- Alerts if their license is suspended or cancelled, allowing you to immediately investigate, halt orders if required and manage any debt exposure.
Expected Result
Our automated solution easily ensures your risk is monitored, both at the start of a customer relationship and for ongoing supply. Saving you valuable time and eliminating the repetitive task of manual checks.
Ready to see how automated building license validation can save you time?
Book a tailored demo with our team to learn more.