The Solution

In business to business credit granting, information is your best protection against loss.  When bringing on a new customer it is important to get as much information, from a variety of sources as possible, without excessive time delay and an overly intrusive process.  Most importantly, the cost must be at a price that allows for every customer to be checked thoroughly.

There are several options available in checking a potential new customer.  Each has its pluses and drawbacks as well.

D&B

While they are a truly reputable firm with a long history in credit reporting it is important to note that the majority of information provided is “self-  reported ”.  What that means to you is this; the information you receive is only as reliable and accurate as the company reporting it.  While we know most businesses are above board, those are not the ones that you generally need to be concerned about.  In today’s world of questionable accounting and executive fraud, self-reporting alone should not be the answer.

Experian

Another fine company, they rely on “public record” information. The information they provide is generally accurate and useful.  What is missing is the interaction and hands on review of the company’s current situation.  Each business has a story to tell.  That story has more than one chapter.  A company’s credit worthiness should be based on more than what is in public record.  What if there is limited available information, how does a credit grantor make the decision then?

Internal Personnel

The time tested method by which all companies used to make credit granting decisions.  The advent of “downsizing” and the push to do more with less has made the internal process a difficult one to maintain.  Personnel in many businesses are often spread out with a variety of responsibilities.  The time needed as well as access to all the available information makes the process difficult to complete effectively using only in house staff.

The Solution: CreditInvest™

A product developed by Credit and Collections industry experts that takes all the components available through current avenues and merges them into one set of proprietary processes.

We make the investment you put into your future customers pay dividends by generating and confirming often unreported or gathered information from a variety if streams.

CreditInvest™

*Uses a trademarked combination of internal processes, experienced personnel, “today’s” available technology and automation, proprietary  Search and Data streams to generate public record, self reported information, as well as, additional pertinent information about your potential     customer not gathered by any other product available today.

*Reaches out to your potential customer to establish and verify their self reported credit history.  Through our processes, we go even further in generating 25 to 50% more valuable information about your potential customer through personal contact and custom developed interview.

*Contacts the various credit and banking references given by the potential customer in order to verify their veracity.  This includes the additional information generated through the personal contact.  Because we dig deeper, we get a more accurate picture of the potential customer’s true credit stance.  This information allows you to have more information in making an informed credit decision.

*Marries the three processes and combines them with seasoned credit professionals adept at gathering information and delivering the results    with an easy to understand scoring system that puts all potential customers on the same playing field.  This scoring system will allow you to apply the potential customers score to an acceptable range, depending on the credit granting parameters you set.

* Gives 25 to 75% more information generated and that information is then verified and corroborated. 

* Provides a turnaround time of 2 to 4 hours,

* Offers pricing that is 2 to 3 times less than a comparable product provided by other vendors.

 

We offer a unique product in the market today.  All of this at a price well below the other products available to businesses for granting credit.  This product is designed for the company where every new customer counts and the current channels don’t allow for a real picture of there potential customer without an excessive investment of money, time, resources or personnel.

We invite you to explore how CreditInvest™ can work with your current process and deliver the kind of “real” world information that produces results.  Pricing and program parameters vary and can be custom fit to your current usage and needs.