KreditXchange provides subscribers with access to a convenient, virtual meeting place where credit professionals can share information on suppliers and debtors among peers in the credit community in real-time. The facility is designed to assist suppliers to communicate with their debtors and other related parties in the event of positive or negative feedback. It requires subscribers to input data that reflect a debtor’s legal status and creditworthiness.
How can KreditXchange help you?
This service has the ability to exchange information among subscribers in a quarantined, secure and professional environment. The service acts as a transparent early warning system about slow or non-payments and an excellent tool for identifying fraudulent activities. Once a subscriber creates or updates data on the system, all users are updated. An added advantage is the avoidance of anti-competitive behaviour.
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