Your key to better risk management in a rapidly changing economy
As a result of COVID-19 and its impacts on the economy, businesses are no longer operating under normal market conditions. And that means conventional scoring and assessment methodologies may not be as predictive as they used to be.
The COVID Commercial Index is designed to combat this, detecting specific financial changes that may not yet have been picked up by conventional monitoring or may be masked by industry factors such as stimulus payments, repayment holidays and loan deferrals.
A rich source of real-time data
Failure to correctly identify possible money laundering activity has consequences for any Australian businesses involved in financial services, foreign exchange, gambling, or credit contracts.
Our deep and broad best-in-market data empowers the COVID Commercial Index with real time information, enabling the index to keep abreast of current market and economic conditions. Given these factors are changing by the day, the index is continuously refined and improved to ensure access to timely, relevant data and insights for better risk management.
Whether you choose to monitor an individual business entity or an industry at large, the index helps you identify key areas of focus by providing timely insights on:
- Businesses that are performing well, and those that aren’t
- Ratings for individual companies and businesses
- Biggest movers
- Segmentation by industry, state and location
You can also combine the COVID Commercial Index with our existing scores for an even more robust risk management solution.
The COVID Commerical Index is ideal for:
Tracking how the economy and businesses are being impacted by COVID-19
Risk underwriting and re-assessment
Monitoring the performance and recovery of your customer base as COVID-19 evolves
Enhancing Board reporting on how affected your customer base is
Informing customer conversations i.e. for businesses with a good rating vs. more sensitive conversations with poor rating businesses
Delivering timely data for clients in the banking sector
With the credit landscape in a state of flux, the banking sector has been quick to adjust their monitoring protocols and, as such, have embraced new ways of tracking the economic repercussions of COVID-19.
Consequently, a number of clients in this sector have embraced our COVID Commercial Index. For the most part, banking clients have been combining this index with illion’s Failure Risk Score for timely insights into the risk status and credit health of their client base.
To find out more about the COVID Commercial index, download this product flyer, contact your illion Account Manager or complete the form below and we’ll be in touch.
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