Credit information is what can really make the difference between keeping your business afloat or allowing it to go under due to bad debts caused by customers not paying on time or in some cases not at all. While credit insurance companies will protect you from non-payment, they won’t all help to stop you from reaching that point in the first place.
With intelligent credit information, you can find out about your customers and your potential customers so that you know who you should be doing business with. Euler Hermes is the world leader in credit insurance companies and can provide you with intelligent information that can save you from bankruptcy or insolvency.
In order for credit information to work profitably for your company, it needs to be based on intelligence. This is why Euler Hermes have spent years building up networks across the world which will allow them to source the data that can help your business in your particular sector and in your location. They spend a lot of time and investment in gathering this knowledge which they can then use to analyse your business. They will then use this data to inform you if there are changes in the market in your sector or if you are at risk of bad debt.
The economic downturn has put a lot of businesses at risk where they never were before. With the high street consistently changing, it seems there is no business safe from the effects of the recession. This is why it is so important to conduct regular credit checks on clients, to see if they are likely to be able to meet their financial commitments or if they are becoming a potential risk. Euler Hermes makes sure to have the most up-to-date information so that you always know who you can be safe to trade with, both in the UK and abroad.