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Time In Business
Time In Business gives you an indication of how long a business has been in operation.
Understanding Customers
Appending Time In Business to you business customer database will give you the ability to profile your customers by how long they have been trading. This may give some insights into whether any variation in consumption of your goods or services driven by the time a business has been in business.
How it works
Time In Business is modelled from a range of sources including commercial loan applications and ASIC enquiries processed through Veda's credit bureau.
Each business entity has one of five bands appended from less than 1 one year up to more than 20 years.
How to use the service
You will need to have valid business names and addresses to add Time in Business to your customer or prospect database. Veda will append Time in Business to all matched records.
Cost
Pricing of Time in Business will depend on the volume of records you would like enhanced or whether you license the product for internal analysis and profiling.
What else should I know?
Time in Business is updated monthly. As a user of this or other data products, particularly those that may involve use or disclosure of personal information, you would need to comply with the Privacy Act 1988 and other applicable data protection and privacy legislation.
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