CCR Magazine

CSA Top Banner
You are here  :Home arrow News arrow Credit safe expands its instant global reach
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Credit safe expands its instant global reach PDF Print E-mail
Thursday, 24 March 2016
Creditsafe, the world’s most-used provider of company credit reports, has announced that it has added over 40 million new reports to its system that are now available to view instantly online. This means the Creditsafe system now provides information on over 190 million companies in 51 countries, including Australia, Bangladesh, India, Nepal, Pakistan, Russia, South Korea, Sri Lanka and Taiwan. 

Moving into a foreign market can be difficult and there are many aspects to consider when expanding overseas, including a need for accurate data. To make international trading as easy as possible for its customers, Creditsafe’s company credit reports have an international score, which allows customers to compare company credit scores across the globe.

By using the same scoring range and risk descriptions for all countries, Creditsafe makes it easy for its customers to compare reports. The score is designed with simplicity, ranging from A-E, with A being the lowest risk, D being the highest risk and E being unrated. The credit score is based on the likelihood of a company becoming insolvent within the next 12 months.

Rachel Mainwaring, Operations Director at Creditsafe, commented: “The prevalence of international trading is increasing and it is now easier than ever to start trading overseas without being geographically close to your customers but this is not without risk. As UK businesses continue to focus on exports, it is now even more important to have the same level of oversight of company data in overseas markets as in the UK.

“Economic recovery may be underway but it still pays to be careful about the creditworthiness of suppliers and customers. With the international score, UK businesses have an accurate way of gleaning the information they need to build confidence in trading across borders. By using the same scoring range and risk descriptions for all countries, we have made it as easy as possible to compare reports so that customers can carry on with business as usual, with minimal delay.”
 
Enghouse Side Banner

CSA side

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197