When insecure about the financial standing of a new potential client order a full and in-depth credit-report. The money spent for such a report is insignificant by comparison to the substantial losses you might undergo when dealing with a client of poor credit-ranking.
Having, beforehand, a clear picture of your potential client’s financial standing and credit reputation equals to a 90% success guarantee that you will be paid, and paid on time.
A credit-report allows you to know and verify in advance:
- Full and correct company name of your client including address, contact details, name of CEO or legal representative, etc.
- Fields of activity, status as exporter/importer, situation of company premises, staff, etc.
- Financial data: Company assets, liabilities, equity, turnovers, profit (loss), bankers, etc.
- Payment behavior: Statistic data on payment history and experiences, current debts handled by collection agencies
- Legal incidents: Pending lawsuits, unserved debts resulting from court sentences, official administrative proceedings (financial restructuration schemes, liquidation- insolvency-proceedings etc.)
In many cases EMS DEBITA Internacional will provide credit-information obtained in your client’s country of origin the advantage of which is:
- More up to-date data, oftentimes more meticulously investigated and verified
- Better (lower) pricing (to enquire on type and cost of credit-reports available for different countries please contact us by email)
