Tuesday 5 February 2013

Reviewing Credit Reporting Packages : Product vs Price

We all get fed up with receiving telephone calls from incessant telesales people and we all convince ourselves that we cannot afford the time to review the systems which we have in place... The truth is can we afford NOT to review these systems and services.  


This blog is to show the potential benefits of allowing potential suppliers tender for contracts, I mean lets be honest councils now have to put all of their contracts out to tender so why would companies not operate in the same manner.

Q1. Why would I look at another supplier of business information when I'm happy with what I'm doing at the moment?

A. The simple answer is that there are so many new products which can assist you in credit checking and depending on who you use and what they offer, you may be missing out on these services.

Q2. I don't have time to have meetings with potential suppliers, so why would I potentially spend hours in meetings?

A. With many on-line providers you can take advantage of on-line demonstrations or even trial periods so that you can compare in your own time what the benefits are of a potential new supplier. On-line demonstrations can vary in length from 5 minutes to 15 minutes depending the degree of package you may require.

Q3. The information that the credit reference agencies provide is very similar, so why change?

A. This is generally quite true, all providers of business information will give you accurate information as they gather the information from the same places, Companies House and the Registry Trust amongst other sources. However the information is formatted in differing ways and sometimes agencies provide more in depth options to take advantage of.

Q4. My current provider doesn't increase my subscription and I'm happy with what I'm paying at the moment...

A. The bottom line in business is MONEY and that there is always a deal to be had! So when you get the chance to trial another providers information, take it! You may get more information or services which suits your requirements, potentially in a better format and often credit reference agencies offer guaranteed reductions in subscriptions to secure annual contracts.

So my advice would be to always make sure that your information is as current and detailed as it can possibly be, product quality is paramount! Price is important but not always what good decisions are built on.

Shop around, take 5 - 10 minutes to view a demonstration and make an informed decision, having the right systems in place is key.

If you have any questions regarding the services which Creditserve provide then please contact me on 01992 414222 or email martin@creditserve.co.uk. You can also follow me on twitter @creditserve or connect on LinkedIn Martin Brown.


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