Circumstances change, right? Yes! Every day brings with it new challenges and new information. With the right information at hand, you can make better decisions to continue with a healthy relationship, or determine if action should be taken against a debtor.
- Would you still want to trade with a debtor if their registration status changed from “In Business” to “Deregister in Process”? You can track changes in a business, negative or positive, and act immediately according to your credit policy.
- Would you still rate a debtor less risky if either of the two principals had any adverse impact on their record? No, the risk profile is now completely different. Now you can track the activities of the principals too.