We know it’s important to understand who you’re doing business with so you can get paid on time. So we’ve joined forces with Xero, global leaders in cloud-based accounting software, to automatically load business contacts and credit information to help you find out more about your customer.

Less effort, more detail, with live contacts in Xero

Powered by Equifax, Xero live contacts auto-fill the information you need from the Business Name Registry (BNR), eliminating data entry, avoiding typos, and ensuring company contact info is up to date.

A credit risk indicator gives you a more complete picture of the contacts you do business with. Want to know more about a contact's credit indicator? Purchase a full credit report right from your Xero contact entry.

computer screen - joe's pizza

Equifax and Xero take away the guesswork

You can purchase a Equifax SwiftCheck credit report within the contacts section of Xero’s platform. The report gives you the complete picture of a customer or supplier’s credit history and risk rating.

View sample credit report

Equifax + Xero: your questions answered

Xero has changed the game for small business. Their beautiful cloud-based accounting software connects people with the right numbers anytime, anywhere, on any device. Xero is one of the fastest growing Software as a Service companies, leading the New Zealand, Australian and United Kingdom cloud accounting markets.
Live Contacts is functionality within Xero’s platform that reduces data entry, eradicates typos and makes easy work of adding new contacts in Xero. The capability will suggest the business you’re looking to create and if available will auto-populate their information including business name, address, ABN/NZBN, industry classification and credit risk indicator.
A credit risk indicator is visible within Xero’s Live Contacts and is a predictor of the likelihood of a business or company to record an adverse event on their credit file within the next 12 months.

The credit risk indicator is separated into five bands from Very High risk (Red) to Very Low risk (Dark Green) depending on the information contained on a business’ credit file.

An adverse event on a credit file means something that could negatively impact an organisations ability to repay their debt obligations. Registering a default, going into external administration as well as any court actions are all examples of adverse events.
Live Contacts are powered by Veda, one of the leading providers of credit information and analysis in Australia and New Zealand. Veda sources the Credit Risk Indicator information from multiple sources such as commercial credit accounts and other debts, public record information, court judgements and writs, directorship details, proprietorship details, bankruptcies, debt agreements and personal insolvency.
To get more information on a business, click through from Live Contacts and purchase a Veda SwiftCheck report. Getting the complete picture on a business you’re dealing with gives you visibility on how they operate and helps maximise your chances of getting paid.
No this is available to all Xero users with access to contacts in Australia and New Zealand.