TransUnion Quick Vet 4 Business Report
Make smart and informed Risk Management decisions with pbVerify
Understanding risk management is essential for the success of your business, as you don't want to enter into business deals with individuals or other businesses that have sordid financial pasts. Unfortunately, too many honest businesses fall prey to dishonest or irresponsible parties that dont' fulfil their end of the business deal, whether it's failure to repay a loan, defaulting on payments or being dishonest about credit histories, and this ends up hurting profits, productivity and reputation.
Three easy steps to protect your business against bad debt
The Business Credit Report explained in 3 easy steps
Doing business in the SME (Small to Medium Enterprise) sector has become more complex and more "corporate" than ever before when it comes to protecting your piggy bank. A few years ago it was almost the norm to extend credit to clients on a mere handshake and the pressure to do sales sometimes lead to remarkably bad decisions to extend credit to the wrong people or businesses, but then the opposite has also proved its worth. Let's take a moment to look at what can proactively be done to prevent bad debt, rather than chasing and tracing the ever illusive defaulters.