Analyse and monitor the financial health of your business relations.
Whatever the nature of your business, there will almost certainly have been times when you’ve had to ask yourself questions such as “Who exactly am I dealing with?”, “Will they pay me and when?” or “How much can I supply to them and on what terms?”
Whether these concerns relate to existing or prospective customers, the only way to answer them is by having a clear, up-to-date insight into each business’s associated risks. To do that you need access to up-to-the-minute credit data, a clear understanding of the company’s current as well as historical financial status (i.e. performing a company credit check) and quick, easy ways to keep yourself informed.