subject: Performing Credit Checks Online [print this page] In the current economic climate, providing credit for customer companies can often be a difficult decision for many business managers and accountants, whether the business is large or small. When a wrong decision is made and a customer company cannot provide a timely or complete payment, the supplying business can suffer in terms of cash flow problems in other areas of the company.
If you are a business manager who must supervise credit decisions, it is a good idea to run a credit check on any potential customers. This will help you to build up a full and clear picture of their financial health, and should make it easier to predict which customers will be reliable and regular with payment schedules.
Credit checks are a great way to protect your company, and the cheapest company reports can often be found through an online provider. There are a huge variety of credit check companies, and an online search via a Google or Yahoo engine should generate a good range of results. Large providers should be able to give detailed breakdowns of the content of their company reports, director profiles and document images. These are all good tools which will help you to familiarise yourself with any company's finances.
Company reports provide a general overview of all finances and can also include information such as credit ratings. Director reports are handy for investigating particular individuals, and can show the history of their work within other companies. Document images are a great way to support any company reports, and provide images of items such as mortgages, accounts and annual returns.
When searching for company reports or any other documentation to provide credit information, it a great idea to buy from an online provider. They can often provide cheap options, and most good providers should be able to offer a range of payment plans to suit any user. For more frequent users, an annual subscription may be appropriate. This will allow a huge discount on individual items which can often be as much as 75%. For businesses that have a regularly changing client base and perform credit checks very regularly, this can be a very cost-effective option. For smaller companies, or those with a regular and well known clientele, credit checks may be a rarity. In this instance, a pay-as-you-go option would be most suitable, and any good provider should be able to offer company reports and other items at an individual purchase price.
The benefit of buying online is not only the chance of reduced prices, but the quick and easy transactions that are available. Most sites should offer a company or director search, and will then be able to provide the check within a couple of days. This can then be emailed directly to a chosen email account, and is a great way to get a check quickly. Secure payment online is also a good bonus and setting up an account with the provider can also help to make the process even quicker and easier.
by: Dennis Scott
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