The current environment presents new challenges for businesses – aggressive competitors, demanding customers and technology that changes rapidly.Now more than ever it is increasingly important to have a seamless onboarding process for customers – the ability to close the sale before they can shop around is vital to the ongoing success of your business. Centrix solutions give you accurate information so you can make the right credit decision, quickly.
Consumer Credit Risk
Centrix has agreements with credit providers, database owners and debt collection agencies for the supply of credit related data. This means Centrix receives data feeds in large volumes, resulting in an extensive credit reporting database.
The introduction of CCR in 2012 (Comprehensive Credit Reporting, or positive reporting) provides a robust view of an individual’s credit history
Consumer Credit Report
The Centrix Consumer Credit Report is a tool to help you make informed decisions about new and existing customers.
The reports include any adverse credit information on the individual’s file, as well as an easy to read numerical score that is indicative of the individual’s credit worthiness – the lower the number, the higher the risk.
The addition of CCR data to a traditional credit report (adverse information) includes; repayment history up to 24 months, account type (e.g. credit card, utilities), credit amount, credit provider and account status.
Consumer credit reports include optional access to Driver Licence Verification and Court Fines at no additional charge!
Key Benefits
- Real time outcomes for quick decisions
- Say “yes” to your customers as quickly as possible
- Manage risk exposure
- Take more of the goods, and less of the bads
- Detailed information – instead of turning the individual away, is there another product or different credit terms you could offer?
- Consistency across assessment process
- Can be applied to application processing, account management or collection strategy
Key Benefits
- Maximise approvals – increase revenue
- Minimise declines – decrease write offs
- Manage overall portfolio risk
- Consistency across assessment process
To maximise ongoing monitoring of consumer accounts
Commercial Credit Risk
Centrix has agreements with credit providers, database owners and debt collection agencies for the supply of credit related data. This means Centrix receives data feeds in large volumes, resulting in an extensive credit reporting database.
Reports are available for both NZ and Australian entities.
Commercial Credit Report
The Centrix Commercial Credit Report is a tool to help you make informed decisions about new and existing customers.
The reports include any adverse credit information on the companies file, directorship details, bankruptcies etc.
Our business partners CreditWorks and CreditNet provide us with databases of judgement and payment default data. The score encompasses 3 months of payment data, giving you ‘positive’ or comprehensive credit data for
commercial entities.
The easy to read Risk Assessment indicator provides a guide on the businesses credit worthiness.
Key Benefits
- Real time outcomes for quick decisions
- Say “yes” to your customers as quickly as possible
- Manage risk exposure
- Take more of the goods, and less of the bads
- Detailed information – instead of turning the company away, is there another product or different credit terms you could offer?
- Consistency across assessment process
- Australian company reports also available
Asset Verification
Centrix provides a range of value-add services to assist credit providers with their credit risk management processes.
Quick and accurate verification of the assets involved in any business deal are critical in managing your risk and exposure.
We have detailed reports available for motor vehicle and property ownership and values. Access to PPSR (personal property security register) is also available.
Vehicle
The Wheels Report is designed to assist the finance industry, providing immediate access to the New Zealand Transport Authority for ownership and vehicle registration data, PPSR for known securities and optionally
Ministry of Justice Court Fines.
Our easy to use, concise and accurate reports can be customised to meet your requirements, simply select from the below options
- NZTA registered details
- Ministry of Justice Court Fines
- PPSR
- Redbook Vehicle Valuation
- Vehicle ratings
Ppsr
PPSR is a centralised, electronic register where notice of a security interest or agreement relating to personal property can be registered.
Registering a security interest gives creditors a better chance of recovering a debt if the debtor defaults.
Centrix PPSR portal allows users to search, register, renew and manage security interests with ease.
Search the PPSR – The PPSR can be used to assess the level of risk that a debtor may represent to a creditor. Before entering into a contractual relationship with a debtor search the PPSR to check whether they may pose a ris
You May:
- Search a debtor to determine whether there are any existing security interests over their collateral, this may mean they have a number of existing debts.
- Search a debtor to identify if the piece of collateral they are offering you as security has been used as security for another party, and if so, someone else will have priority over this collateral.
Register a Financing Statement on the PPSR Registering your security interest on the PPSR may give you a better chance of recovering a debt if your debtor defaults. The Act (Personal Property Securities Act 1999) contains rules for
determining priority between security interests in the same collateral. It is therefore important to register your security interests as soon as possible. If you do not register your security interests and a debtor is adjudicated bankrupt or is
placed into liquidation, secured creditors will be ahead of you when payments are made or assets distributed.
Decisioning Software
SmartLink is a cloud based software solution developed and supported by Centrix.
It enables credit providers to integrate into an automated credit decisioning process into their system which can interface to multiple credit bureau.
SmartLink’s primary functions are:
1. Message translation
SmartLink can receive and return messages in other credit bureau formats. If a credit provider has an existing interface to another bureau, it can also be used to interface to SmartLink.
2. Bureau interface
SmartLink is essentially a gateway which can interface to different bureaux based on a credit provider’s requirements to retrieve information which supports their credit decisions
3. Business rule execution
Once credit information has been retrieved from one or more bureau, SmartLink will execute business rules over the data as a whole to determine a credit decision. Credit providers receive an instantaneous Approve,
Decline or Refer decision aligned to their credit policies and risk tolerance.
Contact Us!
0221018335 / info@creditreports.co.nz