Risk Audit Plus – a detailed business credit analysis and risk audit

Without extensive knowledge of your customers you run the risk of making ineffective decisions that expose your business to credit risk and unstable customer relationships. By profiling your customer base, Risk Audit Plus provides greater insight into individual customers, revealing potential avenues for further investment and giving you greater awareness of current and potential risk.

What is Risk Audit Plus?

Risk Audit Plus provides your business with invaluable credit analysis and a snapshot of the credit opportunities in your business’ customer database to help you manage and reduce risk and take advantage of opportunities to increase profits.

How can Risk Audit Plus help you?

  • Identify your best and worst customers and see how promptly they are paying
  • See at-a-glance who to chase for payment first and who can have more credit
  • Streamline your risk management processes and strengthen existing relationships
  • Increase profits by allowing your best customers more credit, without increasing risk to your business.

How does it work?

  • View the risk of business across all accounts for the next 12 months.
  • Commercial Delphi Score shows the likelihood of individual business risk.

The direction of the arrow indicates how the score compares to the last 12 months and the colour shows whether risk is improving or worsening.

  • See how long each account takes to pay an invoice after the due date and compare to recent payment performance.
  • Group accounts by number of CCJs per company over the last 12 months.

Account information is shown using a traffic light colour-coded system with green/blue for low risk accounts and red for high risk accounts.

  • See at-a-glance whether Experian recognises the businesses on your accounts and match address details with Royal Mail records.
  • Quick data checks reveal which accounts have mailing preferences and which are duplicates or gone-aways.

Easily filter all your accounts by selecting options from a drop-down menu.

  • Easily visualise and analyse your commercial customers.
  • Mosaic Commercial classifies your accounts classified into 13 groups and 50 distinct types.

Similar businesses are grouped together and likely future behaviour (such as buying patterns) is predicted.

See for yourself how Risk Audit Plus gives your business more credit control and helps you quickly assess and manage risk across your entire portfolio.

 

 

Questions?

Find out more about how Risk Audit Plus can help your business by filling in the form below. An Experian representative will get back to you as soon as possible.

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