Leading WHS compliance and risk management software provider Rapid Global, today announced a new integration of its contractor management software with CreditorWatch, Australia’s leading commercial and credit risk bureau.
CreditorWatch compiles financial risk information into its reports from an extensive list of public and private data sources, including ATO tax default data, ASIC, court data, and their own comprehensive databases.
Rapid Global Managing Director and Founder, Tim Johnson said. “With the Global economy under extreme pressure and businesses operating today in a complex environment, it is important that organisations have access to credit reports and the compliance data they need to make informed decisions.”
“By strengthening due diligence and pre-qualification of suppliers and contractors it will help businesses to mitigate operational and financial risks.”
CreditorWatch CEO Patrick Coghlan says, “CreditorWatch is excited to be working with Rapid Global to bring a new dimension to the credit management experience for its clients.
“The quantity and diversity of our data is unmatched in the Australian market with more than 50 public and private data sources, 11 million trade lines from corporate ATB uploads and the most predictive company credit rating system in the market.
“We look forward to partnering with Rapid Global on taking its innovative solutions to the next level.”
Rapid Contractor Management is a comprehensive software solution with a centralised dashboard and features to help automate and streamline contractor management processes.
How does this work?
Rapid’s clients can use CreditorWatch credit score and reports to reveal the credit risk level of contractors and suppliers to help them make more informed decisions about who to do business with.
From the Rapid Contractor Management product, administrators can easily review the credit score of contracting companies and suppliers. For more detailed financial risk information, approved administrators can download CreditorWatch’s full report.
If you’d like to find out how to activate this feature please contact your Account Manager or our Client Services Team on 1800 307 595 or submit your request via the Rapid Global website.
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