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BICB prepares a payment history database from the full aged Debtors Trial Balance provided by Members each month.
Every member must provide it every month.
The database contains
:
a) an aged payment history,
being :
- the consolidated total
amount owed by any debtor to BICB members as at
the end of any given (current) month,
plus the consolidated total amount as at
each of the previous 11 months end,
together
with
- the consolidated total
amount owed at each conventional age period
within each of those 12 months,
together with
- the BICB member code of
every member contributing to every consolidated
value in the 12 month matrix,
in respect of some 50,000+
commercial customers in the building industry in
the whole of Queensland, northern New South Wales,
Northern Territory and Victoria.
b) a comment file for every
debtor on the database, containing :
- Factual anecdotal
information which has been obtained from any
legitimate source (Public Notices, public
record, members) and which it is believed will
help members determine whether or not they
provide, or continue providing, a credit account
facility.
- A record of other members
who have viewed the particular file (a footprint
record)
The cornerstone of our
business is the requirement for the absolute
confidentiality of any / all information provided
by BICB to its members - information is supplied
to members for their sole use, to enable them to
manage their debtors. |
