Having worked in the financial industry for several years I have noticed that most businesses dislike and even in some circumstances are afraid of change.
Some companies choose to remain doing business at face value or if you like based on trust, but lets be honest where there is money involved we should always try and secure our position. Now, this may be as simple as getting the correct processes in place.
Some of these processes include simply sending out application forms, some follow this up with taking up trade or bank references. These are all essential parts of the whole credit checking process, however there is often a time delay with acquiring this information and it is labour intensive. So why not add another string to your bow and strengthen your credit checking process by carrying out an easy to access online credit report.
These types of reports assist with setting credit limits and will ensure that you know all of the relevant details of who you are dealing with. A business credit report gives you details from financial accounts, director information, group structure, CCJ and derogatory information and a credit limit and risk score.
In a resent survey carried out it was shown that 98% of companies that use online credit checks state that they would never be without a business information service provider to back up their internal procedures.
If you do not currently use a credit checking facility or are just interested in what degree of information you can receive please do not hesitate in contacting me direct via www.creditserve.co.uk or email me martin@creditserve.co.uk LinkedIn Martin Brown or Twitter @creditserve
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