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Account Monitoring

Want to know if an existing account's financial situation has deteriorated?

Let Equifax alert you the next time a negative occurrence is registered against one of your active accounts. Whether it's an NSF cheque, a collection claim, a legal suit or worse, a judgment, you’ll have the information in hand well before many of your competitors are even aware. We provide the information you need to stay up-to-date on your customers’ payment patterns and business activities. Monitoring your existing accounts is an integral part of Risk Management. You can't afford to be the last to know of a company’s credit problems. This service is available free of charge to all full commercial membership customers who exchange trade data with Equifax.

Benefits

  • Daily or weekly Targeted Special Information Sheets (TSIS) detailing negative occurrences prompt you to re-evaluate your customers' credit standing.
  • An updated summary report sent monthly gives you a payment rating on each of your active accounts allowing you to make consistent, timely decisions.
  • Quickly and easily identify potential risk accounts before they become a problem.

How it Works

You provide Equifax with your Accounts Receivable information on a regularly scheduled basis. Instruct us whether you wish to have your company name revealed on Commercial Credit Reports beside your trade lines or not. We match your accounts to our database and set up your reporting schedule. You will then receive the daily alerts and monthly listings on all of your active credit accounts.

Download the TSIS and Monthly Bulletin Sample (Adobe Acrobat File, size 17KB).

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