Are you trying to increase sales but new customers insist on payment terms, which increases your credit risk even more? In most cases if you don't offer payment terms you don't grow. You want the business but don't want to increase the possibility of getting burned by someone with a shaky credit history. You need a way to quickly assess a customer's credit before you take them on and a way to monitor their ratings once on board.
We have a great solution - We do the credit analysis on your customers before you offer them terms and continuing credit assessment as their account grows withyou.
TRANSFAC maintains one of the most extensive credit and payment record files in the business. In addition to our in-house resources we also have instant access to information from a number of outside credit agencies. If you're considering doing business with a new client, we can likely tell you about their past and current payment history, credit record, and ability to pay in a timely manner. With TRANSFAC at your side you can go forward knowing that your customer credit risk is absolutely minimized.