Business Credit Reports : Does Your Business Offer Credit Accounts?

Business Credit Reports.

If your business offers credit accounts then one of the most beneficial sources of securing your own ledger is to carry out business credit reports. These reports are key to understanding your new and potential customer's credit history.

Many small or medium sized companies offer credit terms under the illusion that they will be paid come what may. However this is not always the case and business credit reports are a quick, easy and very cost effective way of being aware of the potential delinquent debtors out there.

There has been a marked increase in companies using business credit reports since the financial downturn, with business owners and professionals seeking more guidance when assessing a both current and potential customers credit-worthiness. These business credit reports are available as one off reports or within packages which can be very beneficial when dealing with varying legal entities.

Company Monitoring

Company monitoring is a very helpful tool when either setting credit limits or reviewing current customers. This tool allows you to simple add companies to a monitoring list and receive live email updates relating to derogatory information, credit limits, risk scores, change of directors, company accounts and other information which will assist you with keeping your ledger as secure as possible with the most up to date information.

Creditserve are able to offer the above services within packages to suit and can guarantee to reduce your annual subscription whilst also being a major provider of quality information to many industries both in the UK and Internationally.

How to carry out a business credit report and what does one look like? Please visit www.creditserve.co.uk for more information. Also follow us on Twitter @creditserve or LinkedIn Martin Brown.