Issue 458 (Week ending 02/06/2021)

The second quarter of the year is always a busy time for financial fillings, many companies Annual Return Date (ARD) are in May and June, so it will come as no surprise that we have seen a large increase in annual returns in the last 2 months. For this reason there's a very good chance your customers, competitors and suppliers have just filed their latest financial accounts and you can access them all through your CRIFVision-net.ie account.

This week has seen 9,000+ companies across all industries file their financial accounts, while last week saw 13,400+. That means over 22,000 companies have had an update to their financial position in the last 14 days. These annual return docs are some of the first to include financial details for 2020 - which we all know was an extraordinary year and will start to paint a picture of the effects of the pandemic over the last year on each company.

Legal, Accounting & Business, Real Estate and Construction have seen the most submissions over the last week, while companies in Dublin, Cork and Kildare have had the most fillings. All of these documents are updated in real-time and as soon as they are uploaded they are available to view and download from within your CRIFVision-net.ie account.

These fillings also trigger multiple updates and movements to Credit Scores and Credit Limits for each company. Over the coming week thousands of Credit Reports will be updated with the latest information/changes to reflect new filings and already 1,290 companies have had credit score changes in the last 2 weeks. Many of the companies that matter to you most are likely to be included in these cache updates and if they are on your alerts list you will be sent an email notifying you of any change so you can access the updated credit report immediately.

Credit Report Updates

Once a new document is uploaded to the CRIFVision-net database it is analysed and each company's credit report will be updated. For financial accounts, this could mean changes to credit scores, credit limits, liquidity and much more. These changes give you the very latest details on a company and in turn will allow you to make more confident decisions.

What Makes Alerts So Important?

With so many companies filing financials it can be easy to miss an important update. That's why CRIFVision-net's alert system monitors all of the companies important to your business on your personal monitoring list and as soon as any changes occur we notify you straightaway by email, free of charge. You can then decide whether you'd like to view the full report or not. This takes the strain away from manually keeping an eye on the changes to the companies that matter to you.

CRIFVision-net monitoring solutions can be integrated into your systems delivering the data straight to the heart of your organisation where and when you need it most, or through our online service.

To find out more, simply contact us today on:

Email: info.vision-net@crif.com Phone: 01 903 2660