Know Your Tradie

Introduction

In a rapidly growing industry like construction and trades, knowing who you're dealing with can make all the difference between success and costly mistakes. Enter "Know Your Tradie" (KYT), an innovative Australian web app platform designed to empower users with comprehensive insights into businesses and subcontractors across Australia. KYT aimed to revolutionize the way people make informed decisions by providing in-depth due diligence checks, ultimately minimizing risks and maximizing trust.

Problem Statement

While online platforms exist to help businesses generate credit reports, there's a notable gap for those seeking specialized insights within the construction and trade industry. Existing platforms provide generic reports, but businesses require a solution tailored to their unique needs.

The challenge is clear: how can they access detailed, industry-specific data to make informed decisions when dealing with builders and subcontractors? This gap leaves them vulnerable to risks and uncertainties specific to the construction landscape, creating a pressing need for a platform like "Know Your Tradie" (KYT).

The KYT Platform

During my collab with the CEO of KYT we recognized the need for specialized insights within the construction and trade industry. Unlike generic credit reports, we tailored KYT's credit reports to serve the unique needs of its clients. This customization was evident in the introduction of comprehensive credit risk ratings and payment behavior reports.

These reports provided valuable insights into the financial health of trade businesses, allowing clients to make informed decisions when engaging with builders and subcontractors.

Our commitment to customization extended to features like license verification, empowering users to ensure businesses operated within legal boundaries. The platform also provided essential information such as ASIC high-risk notices and insolvency details, helping users avoid potentially risky partnerships.

KYT offered cross directorship data for a more comprehensive risk assessment, revealing potential conflicts of interest. The platform also verified ABN and ACN details, ensuring the legitimacy of businesses, and allowed users to check GST registration status for enhanced transparency.

Basic & Premium Reports

KYT's Basic Reports provided clients with essential insights into the businesses they were considering. These reports offered crucial data such as business details, company alert levels and licensing information allowing clients to identify their potential partners within the construction and trade industry.

However, certain intricate details like Payment Rating Historical Information, Payment Defaults, Tax Defaults, Company Shareholder Information, Company Directors and Officeholders, and Court Actions were not part of the Basic Reports.

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