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.
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 customers a clear overview of how companies pay other suppliers.
Creditsafe analyses payment information from an average of 297 million invoices per year. On average, 31% of all payment transactions Creditsafe receive and analyse are overdue.