CreditorWatch has released its Portfolio Risk Benchmarking Report.

This report provides Australian businesses with unparalleled insight into credit risk benchmarking. This report is free to all commercial lenders, financial institutions, and businesses that have an annual revenue of at least $25 million.

Here , businesses can download a free Portfolio Risk Report.

Businesses are increasingly concerned about protecting their income and avoiding payment defaults in light of the CreditorWatch Business risk Index report. This report revealed that trade payment defaults have increased by 30 percent year-on-year.

It is therefore more important than ever to have access to detailed information about credit risk.

CreditorWatch’s newly released Portfolio Risk Benchmarking Report provides businesses with an essential tool to assess their credit exposure and to take proactive measures to reduce potential payment default risk.

Businesses can reduce their risk exposure by comparing the credit risk of their customer portfolio to industry benchmarks.

This report will help businesses gain an edge over their competitors by making informed decisions regarding extending credit to customers, negotiating terms of payment, and managing the overall credit risk profile.

Portfolio Risk Benchmarking Reports offer businesses many benefits. These include an understanding of creditworthiness by comparing it to the national average and commercial banking portfolios. This report provides insight into the risk profile for the geographic area where the business operates, and how that compares with other businesses operating in the same region.

Businesses also receive a maturity risk profile for their portfolio. This recognises that companies that are younger than five years have a higher rate of default, and that the peak default rate occurs between years two and three.

The report also provides a comprehensive segmentation of a business’s portfolio. This includes information about the status of the company as a sole trader or sole proprietor, and the GST registration.

CreditorWatch CEO Patrick Coghlan stated: “Australian businesses are experiencing tough times. From inflation to interest rate, supply chain issues, labour shortages and declining consumer demand.

“Businesses must take extra steps to survive and thrive. It is important to monitor your customer portfolio and have a proper credit risk management process in place. Portfolio Risk Benchmarking Reports provide businesses with insights and benchmarking analyses to help them navigate the storm.

If you are a business owner who is looking for a competitive advantage in these challenging times, you should take advantage of the valuable resource available today.