Credinet^TM Advantage (Download Sample Report)

We call our Internet offering Credinet^TM Advantage. It’s an appropriate name when you consider the advantages you receive as a subscriber. With our Credinet^TM Bulletin Pack and all of the other services now available on our site, the Internet just became a better place for our customers. For group members who want to identify problem accounts earlier, Credinet^TM Group Alert is the solution. If you need fast, accurate and up-to-date trade reference information, Credinet^TM Group Exchange delivers it! For a better description of the services available using Credinet^TM, please read on… 

Credinet^TM Group Alert– Using this feature, credit group members can quickly and easily receive broadcast alerts from other group members. When any group member reports a problem (returned cheque, collection, mechanics lien, etc.) using Credinet^TM, every Credinet^TM Group member receives the alert on a real-time basis. Credinet^TM Group Alert instantly broadcasts a group e-mail notification of any item reported by other group members!

Credinet^TM Group Exchange - Our specially developed Internet based program enables our group subscribers to exchange critical trade reference information with ease. Credinet^TM Group Exchange gathers and collates the data in a consolidated trade report, eliminating the work associated with other exchange programs. Any group member that replies to a Group Trade Request is given access to the consolidated credit report on that subject. We call it a Free Reciprocal Report. It’s our way of saying thanks!

CredinetTM Account Monitoring

Monthly, the CredinetTM server reviews each of the accounts on which you reported involvement and submitted trade experience (excluding "None", or No Account responses) and scores 3 aspects of the consolidated report:

Supplier Confidence, as reported in the supplier comments, identifies the lack of supplier confidence expressed in the report. 

Negative Occurrences, as reported in the supplier comments, identifies the degree of negative activity expressed in the report.  

Aging Info- The aggregate of all participant trade lines is examined and particular emphasis is given to the % of payables in Period 2 and Period 3 Past Due. The system examines the overall delinquency and scores that component. An asterisk next to the Total Score will identify any mention of "holdback" or "dispute".  

The results are tabulated and a new Monitoring Summary Report is sent on the 5th of each month to all participants. The report ranks the degree of overall risk that is inherent in your customers' reports. Members can sign on and view each report in their list in a new section called MY MONITORING. A company-wide risk report is available for system administrators, or managers.  

CredinetTM is a registered trademark of Credifax Atlantic Limited. Credifax Ontario Limited is an authorized distributor in the Province of Ontario.  

For more information please Contact Us.