It is mid-winter in New Zealand!
Welcome to the winter edition of The View, our update for businesses who want to understand the latest credit trends in New Zealand and reduce risk.
In this issue, we bring you our latest Credit Indicator report; an update of our news; advice for lenders and business owners navigating the current economy; and we introduce one of our team members, Anne Zeemann.
In other news, we recently launched the new cloud-based Centrix PPSR portal which simplifies your PPSR registrations and searches and stores all your security interest information securely in one central location. Given the rising rate of consumer and business defaults, there’s never been a better time to securely register your interest in customer assets. Find out more here.
Look out for new product announcements coming soon. In the meantime, please get in touch if we can help you or your business in any way.
The Centrix Team
Latest NZ credit market update: June 2024
Hot off the press – our latest June credit data shows arrears rise again, auto demand falls, and company liquidations increase. Read NZ’s most up-to-date credit insights below.
How your personal credit score impacts your business
For the one-in-five self-employed Kiwis, or those who own a business, the impact of your personal credit score on your business can be significant.
Business director reports are often requested by many banks, finance companies, utility companies, and large corporations, as a part of their standard credit check on a business.
As a company director or owner of a small business, your personal credit behaviour is likely to influence lenders offering credit to your business.
Signs your customer may be struggling
With the recent cost of living crisis, more consumers and businesses are struggling with their repayments and defaults are rising.
Late payments will be the first sign that something isn’t right for a customer. If a business is late paying suppliers, or a consumer can’t meet one of their regular expenses, it’s a strong indication that they may be in financial strife.
Find out what other signs indicate a customer may be struggling, and what you can do to manage the situation.
Protect your business and customers with identity checking and AML solutions
Centrix has designed a suite of products to provide a secure, streamlined way to verify the identity of your customers digitally.
Whether you must meet AML/CFT (Anti-Money Laundering/Counter Financing of Terrorism) New Zealand legislative requirements or are concerned about online application fraud, Centrix identity verification products can help.
Centrix in the media
We’re often in the media providing insights and commentary on recent credit trends in New Zealand.
Meet the team
For Anne Zeemann, Senior Product Manager in our Product and Innovation team, no two days are ever the same. In fact, the only consistent task in each workday is logging in.
Anne works with business analysts, product owners, project leads and the development team to create unique solutions to meet the needs of Centrix customers. She says it’s great to be in the heart of the business, working with savvy colleagues with both a technical and business focus. “I love that every day is different, and as a team, we certainly have the opportunity to rise to engaging challenges and create unique solutions,” she says.
Having been part of the Centrix journey for nine years, she enjoys the collaborative and positive work culture. For her, that means rolling up your sleeves, helping out, doing your best for the customer, and having a laugh along the way.
Outside of work, she keeps busy spending time with friends, family, pets, and a little bit of travel. She’s also getting back into her tennis game – which is improving nicely – although Serena Williams can rest easy for now.
Credit Bureau of New Zealand
Centrix can help you reduce your business risk and protect cashflow. The team are available to discuss what solutions might be best for your business. Email us at sales@centrix.co.nz or call 0800 236 874 to find out how we can help.
