Issue 595 (Week ending 02/08/2023)

Summertime and living is easy. Not so easy for businesses at the moment with rising interest rates, increasing costs due to inflation, and as we saw last week unfortunately this is feeding into an increase in the level of business insolvencies.

In this type of environment it's prudent to run a regular check on both customers and suppliers, to forecast any types of unforeseen risks that are coming down the tracks.

We've recognised this and made it easy.

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

Conducting consistent, and effective risk assessments with Risk Audit will provide you with invaluable information, so you can be proactive in your business decisions.

Here at CRIFVision-net, we specialise in providing leading intelligence solutions, so you will know exactly what you're getting into before doing business with an individual, or another business.

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.

If you would like to learn more about how Risk Audit can help your business, simply call us on Tel: 01 903 2660 or email us at solutions.vision-net@crif.com.