The Global Credit Report Service
Years ago, most companies traded with other companies that were located in the same town, or perhaps a few hundred miles away. Travel was by horse or railroad, and communication consisted of written messages carried by hand. For the few early multinational companies such as the Dutch East India Company, sending a message across the globe could take months.
Extending credit was highly risky. Ships sank, castles burned down, workshops flooded. And there were no reliable credit report services.
Times have changed. Today there are millions of enterprises located in nearly every corner of the world: textile mills in India, factories in China, telecommunications companies in Europe, and advanced technology in the United States. Banks and financial service companies operate across borders, and businesses communicate instantly with email, fax, and video teleconferencing. The world has gotten much smaller.
But many old challenges remain. One of them is determining which company will pay its bills on time, and which one will default. The stakes are high: extending credit to a financially unstable company can be disastrous and can even lead to bankruptcy.
Worldwide Credit Risk Management
Fortunately, companies now have access to global credit report services such as Credit Risk Manager. Reliable information about a prospective partner or account is available almost instantly, at an affordable price.
Let’s say that you are the credit risk manager for a microelectronics firm based in the Netherlands. The company is working on a deal to sell millions of process control devices to a firm in Shanghai, China. The Chinese company wants to pay on credit. It is a major deal that, if successful, could transform your company. But if the Chinese company defaults on their payments, your company could be driven out of business.
There is no way that, without professional assistance, you can evaluate the credit risk of the Chinese company. In order to get the information you need, you should develop a relationship with a global credit report service.
What to Look For
How can you choose a credit report agency? Here are some attributes that a professional business credit report service should have.
- Global reach with millions of companies in its database. The agency can’t help you if the company you want isn’t in their records.
- Responsive customer service. The agency must have representatives who are fluent in the world’s major languages and who are accessible twenty-four hours a day, seven days a week.
- Reputation for quality. The reports that you purchase must be fair, accurate, and in a format that is easy to read.
- Effective follow-up. The business credit report that you receive today may soon be outdated. You need a company that tracks changes and can notify you immediately of any change -good or bad- in the status of a company with which you have an interest.
- Reasonable prices and no up-front fees. The reason why you choose to obtain credit reports on business partners and accounts is to save money. Your credit report service should charge a fair price with no long-term commitment required.
Make the right choice, and your credit report service will save you both money and headaches.
Credit Risk Manager As Your Credit Report Service
When ordering a credit report, choosing the right provider is critical. Receiving information about the credit status of key business relationships needs to be affordable, easy, and convenient. With Credit Risk Manager, you are just three clicks away from a report. Credit Risk Manager is a credit report service by Graydon International, one of the subsidiaries of the Graydon group. Graydon has a history of more than 120 years in credit management, which is visible in its global database. Through Credit Risk Manager, businesses have access to 130 million online credit reports. Credit Risk Manager continuously filters and cross-checks all its business data for accuracy. Online credit reports from Credit Risk Manager cover every critical area and contain the Graydon Rating, a business credit score you can trust and rely on.
With Credit Risk Manager's credit report service, you are just three clicks away from a report. Simply enter the name of the company as well as the country and the city the company is based in to get quick and easy access to reliable business information from Credit Risk Manager.