By analysing payment information from an average of 297 million invoices per year, our payment data programme provides a reliable picture of how companies around the world pay their invoices.
The payment data we collect in our "Trade Payment Data Programme" is based on real and unique payment experiences of companies all over the world. These payment performances are then, unanimously and confidentially, reflected in our credit reports. This gives you a clear overview of how companies pay other suppliers.
A company's payment behaviour is a strong indicator of their current financial situation. If a company falls behind on its invoices, it is much more likely to be at risk of insolvency or probability of default. On average, 31% of all payment transactions we receive and analyse are overdue.
It is for this reason that we have founded the Creditsafe Trade Payment Programme. By joining our growing list of trade payment data providers - by sharing your trade experiences with us - you are contributing to the industry's most diverse and fastest-growing commercial trade data universe.