Credit Reports
The collection of information about
a potential customer enhances the quality of the credit granting
decision. That same information also has strategic implications:
it can strengthen a company's understanding of its customer base
and lead to expanding that base. The credit department is, in
effect, an information warehouse within any company.
Gathering the most predictive information
about a customer beforehand in order to assure that a company
will get paid will reduce the risk of playing the guessing game.
NACM Affiliates can provide you with the most up-to-the-minute
information about your customers that's available in the business
today - saving time, money, and ensuring a completely sound and
informed credit decision. NACM Affiliates are industry leaders
in providing predictive data and credit reporting tools to companies
that use credit information to compete in their marketplace.
NACM understands that business credit
reports are the keystones that help credit professionals make
sound credit decisions. NACM Affiliates can provide credit professionals
with the most complete, objective, and accurate reports available.
Business Credit Reports:
To find an Affiliate in your area
that offers these services, click
here.
Business Credit Reports
A comprehensive business credit report can provide detailed information
about a business, which may include a summary of company ownership,
extensive trade payment information, commercial banking relationships,
public record information and federal government information.
Business Owner Reports
Sometimes, information about the principal's creditworthiness
is needed before the decision to extend business credit can be
made.
Summary Reports
For a quick, effective assessment of low-balance account transactions,
summaries may be available, providing a wealth of information
in a condensed format.
Scoring Reports
For high-volume, quick-turnaround account transactions, scoring
reports may help streamline credit decisions. These easy-to-read,
one page reports summarize a business credit report, including
background information, trade payment and public record data.
This report is particularly objective in its rating system by
providing analysis based on specific criteria consistently.
Small Business Reports
Research shows that reports combining business and owner credit
scores are more predictive than business or consumer-only scoring
models. Many Affiliates offer a summary of information on both
the business and the business owner(s) so that better credit decisions
can be made.
International Credit Reports
NACM Affiliates and FCIB, NACM's international association, provide
comprehensive, up-to-date business credit information on companies
throughout the world. International credit reports include business
background information, details about a company's structure, key
personnel, payment behavior and financial assets and liabilities.
Country Risk Reports
Recent crises in different regions of the world have proven the
importance of an on-going monitoring of economic and political
developments around the globe. Over 80 countries of interest have
been selected for the basic service. These reports will reflect
the most current information available. FCIB Country Risk Reports
are an invaluable tool in country risk assessment. FCIB Country
Reports:
- Focus on current and forecasted economic
and political trends
- Focus on regulatory issues
- Include a country risk rating
- Provide a credit insurance perspective
- Unique FCIB value added feature - payment
terms and collection experience based on actual FCIB survey
Monitoring Service
An account monitoring service alerts subscribers to important
new information concerning its customers. This service flags changes
in payment habits and indicates any legal items, UCC filings or
derogatory items.
Public Record Data
Tracking down a debtor can be easy and inexpensive with the NACM
network of public record data. Many Affiliates can tap into information
from a variety of sources, such as vehicle registrations and various
licensing bureaus.
