Company profile – increasing availability
Until recently company profile reports were not readily available to most small companies and individuals. As a result very few businesses usecompany profile reports or indeed any form of credit checking on their new or existing customers.
However things are now changing, company profile reports can now be purchased instantly online and as a result the business community is now slowly waking up to the benefits of performing cost effective checks on customers and suppliers.
Company profile report – tailored to needs
A basic company profile report can be viewed within seconds of making the purchase over the internet. This means that even the smallest customer can be checked quickly and affordably. It no longer makes sense to trade blindly with customers that you have no information on when assurances and credit ratings are so accessible. Experts recommend that all customers and major suppliers are checked using this type of report at least once a year.
When taking on new customers, new contracts or significant changes are experienced with a customer of supplier then more detailed business credit reports are available. These typically contain a number of years of summary accounts, a history of credit risk scores, details of County Court Judgements, financial analysis and even industry comparisons.
Company profile report – just the beginning
Things don’t stop there. In the information era other valuable services are becoming available: international business credit reports on companies from all corners of the globe, business credit reports on non-limited businesses (sole-traders and partnerships) reports showing the directors of companies, reports showing all directorships of an individual including dissolved businesses. In the future even more tailoring of information will be available so you only pay for what you need.