Issue 588 (Week ending 28/06/2023)

Effective risk assessments provide companies with invaluable information that can significantly and positively impact their decision making processes.

Due to the unpredictable nature of today's business environment, companies are now becoming more proactive, rather than reactive with their risk assessment processes to identify potential threats and mitigate risks.

To save you the time of having to freshly check existing customers, suppliers and competitors individually, we have developed 'Risk Audit'...

Risk Audit gives you a full update report on all companies you've searched before, including the latest risk factors of company status, credit ratings, recommended limits, financials, bad debt judgments and more.

See at a glance companies you deal with...

• Who are now high risk and as a result you might want to review credit terms
• Whose status has changed, entered liquidation, become dissolved or had a recent bad debt judgment registered
• Who have low resilience factors like poor cash reserves, net worth and liquidity
• Who are operating in more impacted industries

Our solution will allow your business evaluate risks, in order to make data driven choices that will allow you to identify both potential opportunities and threats of doing business with other companies. As your Risk Audit is delivered to you in an offline excel format with official company numbers you can view it as is, or upload it into your CRM or accounts system to further inform your teams.

Embracing risk assessments is a proactive approach that empowers businesses to stay ahead of the curve, adapt to changing circumstances, and capitalize on emerging opportunities.

To find out more about how we can help you manage your risk assessment processes, simply call us today on Tel: 01 903 2660 or email us at solutions.vision-net.com.