Sharing your trade payment data with Creditsafe allows us to paint a better picture of the companies you work with, and the industries that they operate in. As our program continues to grow, we can further distinguish the good paying companies from the poor which in turn will help you manage your own cashflow.
Understanding how companies pay their bills in the real world helps you to understand their payment strategies and where in the payment order your business sits.
Trade Line Level Data
Review the payment data in non aggregated form. By analysing this data at trade line level, you can identify any signs of default and take appropriate action in your cash collection strategy.
Industry Drill Downs
By investigating how businesses pay companies within different industries, you can understand their hierarchy of payments and see where your business fits into this payment process.
Historic Trade Data
By reviewing the payment history of a business, you can identify trends and patterns and spot any reoccurring patterns or red flags in advance.
In addition to our advanced trade analysis features, active contributors will also get access to 3D Ledger. Our interactive risk management tool allows you to get incredible insights into the financial health of your accounts by adding our global risk management data to your balance sheet.
Prioritize your collections
Delve deeper into customer trends
Instant reporting
With 3D Ledger you can review your entire portfolio and highlights areas of concern based upon key financial indicators such as days beyond terms (DBT), size of business, age of debt and any delinquent payment behavior. This additional insight allows you to enhance the efficiency of your cash collections teams and help avoid bad debt
3D Ledger incorporates data from your own customer portfolio and combines this with our trade payment program and data from our business information universe to give you an unparalleled view of your customer base. By combining your data with ours, we can provide you with a 12 month payment analysis on matched data so that you can see not only how your customers are paying you, but how they are paying their other credit commitments. Analyzing this trend allows you to spot any potential warning signs and you can adjust your cash collections strategy accordingly.
3D Ledger allows you to analyze your portfolio as you see fit however to help you get started, there are a number of pre-built reports to give you instant visibility on your top debt-threat companies, number of companies trading above the advised credit limit, three month retrospective payment performance and much more.
22 pre-built instant reports, including:
Gain a greater understanding of the payment behaviors of your customers
Give you better protection for your business against late payers
Identify the customers that pose the most risk to your business
Enhance and improve credit control processes
Incentivize customers to pay on time
Reward your good payers
By joining our growing list of trade payment data suppliers - through sharing your trade experiences with us - you’ll benefit from being within the industry’s most robust universe of commercial trade providers. By confidentially sharing your commercial trade payment experiences with us, we can build an accurate picture of your customers’ payment history. We gather, sort, and process trade payment data to provide a wider and more complete overall picture of a company’s payment record, giving you better information leading to better decisions.
By participating in the Creditsafe Trade Payment Data Program, you’ll increase the knowledge pool with your own credit risk data and help improve trade payment best practice.
When your customers know you’re sharing business risk intelligence with over 100,000 Creditsafe customers around the world, they’ll make sure they’re giving you a great trade payment story to tell us.
Report Late Payers
If a company knows you report your payment data, their ability to obtain credit, bank loans and to purchase on terms will be affected. As a result, they will have a greater incentive to pay you on time.
Reward On-time Payers
More payment data on a credit report can give a company a higher credit score and limit. By reporting on customers who pay on time, you’re helping them build and even improve their credit profile.
Reporting Trade Data every month is easy and we don’t need a special "membership" (aka additional fee) to report customers that are slow and late paying. We feel this is a very important factor in the business world - you shouldn’t have to “pay extra” to let other businesses know what kind of customer they may have applying for credit.
SGS Hardware