Elisabetta and the credit control team at Nuvias now use Creditsafe to run the necessary checks and are able to onboard new partners and vendors wherever they are based in the world. Elisabetta explains: “We chose to switch to Creditsafe as it provides us with comprehensive information about any business globally and it is straightforward to use. They are also a preferred supplier from our credit insurer, which gave the team peace of mind if we needed to escalate a claim.”
In today’s highly competitive, unpredictable and ever-changing post COVID-19 market, avoiding any involvement with bad debt is key to future success. By running due diligence checks on every client at the start of the relationship, it can help companies to confidently offer credit and avoid putting forward any risky proposals which might not get accepted by a credit insurer.
Elisabetta concluded: “When we get a new business enquiry, we always pull a company credit report to get a full picture of the financial health of a business. Using a provider that is recommended by our credit insurer has allowed us to approve more customers and ultimately help reduce the amount of wasted time by not sending accounts that won't get approved. Our team now use Creditsafe daily to check the full credit history of a business and to make an informed decision on whether to work with them or not”.