How well do you know your customers, suppliers, competitors, and potential customers? Do you trust your current credit-checking-process to protect your business from bad debt and outstanding invoices? We can help reduce your credit exposure by showing you the credit worthiness of the businesses you deal with anywhere in the world. Whether you’re extending credit to a business, offering a lease, or looking to improve the terms you receive on your contracts, our business credit reports are designed to help you make informed credit decisions at a glance.
Business Credit Reports
Get answers to key questions like:
How likely is a company to go bankrupt in the next 12 months?
How much credit can I feel comfortable offering a company?
Is a company likely to pay me on-time?
Has anything changed that could affect my customers' ability to pay?
What goes into a business credit report?
The data within a business credit report generally fits into three areas:
1. Scores & Limits
Our industry leading scoring system includes key statistical metrics and the most advanced statistical techniques to help determine the financial stability of a company. The scores and limits you see within a report are designed to help you make quick and accurate decisions. With our scoring model, we can predict 70% of company insolvencies 12 months in advance—saving you the financial worry that bad debt brings.
Utilizing the latest advanced statistical techniques, our Credit Score combines key variables such as: trade payment information, public information, industry sector analysis, and other performance indicators. The Credit Score is a number from 0 to 100 scale which directly correlates to a relational level of risk. A higher score indicates a lower the risk of default or bankruptcy while a lower score identifies higher risk of default or bankruptcy. To allow quick decision-making, we have color-coded the scores by severity in which red indicates high-risk and green indicates low risk. Created by our in-house analytics division, the Creditsafe Credit Score is a statistically backed model using key data variables proven to have an impact when a business fails. These variables include financials, trade payments, demographic, industry, legal filings, group structure, size of business and more.
Credit Score
The Creditsafe Credit Score works on a scale of 1-100 and predicts the likelihood that a company's payment performance will become seriously delinquent, defined as 90 plus days beyond terms within the next 12 months or that the business will go bankrupt
International Score
The Creditsafe International Score is a standardized score derived from the Creditsafe rating. It enables credit risk comparison between companies that are registered in different countries.
Credit Limit
The Creditsafe recommended credit limit is calculated using information from a company's payment record and from the payment records of similar companies. The Credit Limit is a recommendation of the maximum amount of credit you should consider offering this company at one time.
Compliance Alerts
Creditsafe monitors over 35,000 data sources including sanction and enforcement lists, adverse media, politically exposed people (PEPs) lists and state-owned enterprise data. If a business, related company or officer has been flagged, you can see this straight from the business report dashboard.
Days Beyond Terms (DBT)
Our extensive trade payment data enables us to calculate a business' DBT score. This illustrates how well a company pays their bills by showing how late they pay, and also how it compares to their industry.
Derogatory Legal
The number and value of tax liens and judgement filed in the last 6 years and 9 months, plus bankruptcies filed in the last 9 years and 9 months
Payment Trends
Charts and graphs highlight key data points, helping you understand at a glance if there are any substantial changes over the past 5 years in how a business pays.
Business Spend Trend
Indicates whether the company's total annual business spend is increasing or decreasing compared to the previous 12 months.
Inquiry Trend
See how many other companies have inquired about a company.
Creditsafe is very much worth the yearly investment for us. As a small business, it is imperative to be able to continually check in on the credit status of your open accounts. As the AR Manager who wears many different hats, Creditsafe puts the information as an easy-to-access and understand report and alert. I plan on renewing year after year.
BAI Distributors Inc.
2. Core Business Data
The data within this section of the report can help you better understand any issues that may affect the company in the near future. Are there major executive changes? Is there an increase in the number of liens placed on the company?
To gain a better insight into a how a company operates, you need to know more about the people running the business. By reviewing information on the people leading a company, you can get a better understanding of where the business is going.
Our Core Business Data
Safe Number
Creditsafe's unique identifier for every registered company
Company Information
Includes any other legal names such as a DBA, address, phone number and website
Google Maps
Pin-point the exact location of the business
SIC Description
The Standard Industrial Classification is a system for classifying industries by a four-digit code
Business Type
Is the company a Corporation, Cooperative, Government, Incorporation, LLC, LLP, Non Profit, Partnership, or Sole Proprietorship
Location Type
See if the location is a Headquarters, Branch, Subsidiary, Franchise, Franchisor or Single Office
Officer Information
See the officers of each company and identify other know affiliations
Group Structure & Linkages
Corporate hierarchical structure identifying the head office, parent companies, subsidiaries and branches at a global level
Trading Locations
Identify any logistics concerns by knowing the full list of company addresses
Years in Business
Learn how long a company has been operating and its incorporation date
Annual Sales Amount
See how much revenue a company earned last year
Number of Employees
Total number of people who work for a company
Legal Filings
State and Federal Tax Liens, UCC Filings, Judgments and Bankruptcies
Government Award Information
Identify companies that have been awarded government contracts or grants.
Compliance Indicators
Key compliance indicators such as sanctioned business information.
Possible OFAC
Flag sanctioned businesses that the U.S. government prohibits from trading with under the Patriot Act
Federal Motor Carrier Safety Data
Understand transportation companies’ Motor Carrier safety ratings, fleet size and types of cargoes moved
Historical Data
See what's changed and when
3. Payment Data
Trade payment history is the backbone of a credit report as understanding how a company has managed their credit in the past is the key indicator of future performance. Companies with a long history of managing their business credit effectively are most likely to continue this pattern into the future. Creditsafe credit reports include known payment history and trend analysis. The current and historical payment behavior of a business is the strongest predictor of their future payment behavior. If a company falls behind on its invoices it is proven to be more likely to become delinquent in the future. Creditsafe’s reports all include Trade Data with millions of new payment experiences uploaded into our reports in our ever-growing trade database.
Trade Lines
Easily see how many other companies are known to be extending them credit and how timely they’re paying those bills
Financials
Directly link to financial statement information for public companies and nonprofit organizations based on income statements and balance sheets
Financial Payment Data
Enhance Your Small Business Insight
Financial Trade gives unprecedented insight into the health of small and micro businesses so that Credit Managers can make the most informed decisions possible. Our Financial trade product leverages data that has traditionally been off-limits to business credit bureaus such as business leases, commercial credit cards and term loans.
Unique to Creditsafe you can request access to Financial Trade Data which includes accounts such as:
Business Lease
Commercial Credit Card
Letter of Credit
Line of Credit
Open-ended line of credit
Term Loan
Enhanced Dashboard
When Financial Payment Data is available for a company, an enhanced dashboard becomes available which includes:
Enhanced Rating
Works on a scale of 1-100 and predicts the likelihood that a business’s payment performance for both financial and non-financial trade accounts will become seriously delinquent (90+ DBT) or the business will fail in the next 12 months.
Enhanced Credit Limit
Calculated using information from a company’s Financial and Non-Financial payment record and from the payment records of similar companies.
Financial Past Due
The total delinquent dollars (not including charged-off) on open and closed financial accounts
Where does the data come from?
At Creditsafe, we pride ourselves on the data and business intelligence we supply to our customers.
The data used to create our scores and limits comes from working with official sources such as Government entities and the Court System, and our selected global network of international data partners. To further increase the validity of our data, we include trade payment data from our trusted trade payment data suppliers to give you the most accurate picture of the financial stability of a company.
Global Monitoring Service
With Creditsafe’s Global Monitoring Service you’ll never again miss vital changes to the companies that you do business with. The system is highly adaptable and allows you to customize the alerts you receive to ensure that you’re only getting the most relevant notifications for your business needs.
Receive detailed email updates of any changes to US or international companies you have chosen to follow and how often you receive them. Countries available to monitor include: Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Lithuania, Luxemburg, Netherlands, Norway, Spain, Sweden, Switzerland and the UK.
Monitor Your Companies of Interest:
- Monitor Your Company
- Monitor Your Customers
- Monitor Your Debtors
- Monitor Your Suppliers
- Monitor Your Competitors
Monitor US Companies
Receive email alerts on changes to: Credit score, credit limit, company status, DBT, bankruptcy, derogatory filing count or change, derogatory filing outstanding amount or change, possible OFAC
Monitor International Companies
Receive email alerts on changes to: International score, credit limit, company name, address, phone number, directors
Get email updates
Receive email updates that detail changes to companies that you are doing business with
Organize your alerts
Create portfolios of the companies you want to monitor and receive instant alerts to any changes
Choose what to be alerted on
You choose the information that you want to see from 17 different categories. Once you’ve chosen the information that matters the most to you, you can choose how often you receive these updates.
Choose how often you want to receive alerts
Once you've chose the information that matters the most to you, you can choose how often you receive these updates.
Media Solutions
Search millions of news articles and gain valuable additional insight through current events including adverse risk terms
Creditsafe is a reliable and easy to use source for all my third party credit verification. The monthly updates also help me keep up abreast of the latest information available
Mascoat Industrial
Try Creditsafe for free today
Simply enter your details to get started with a free business credit report
Frequently asked questions
What is my business credit score?
The Creditsafe scoring model works on a scale of 1-100 and predicts the likelihood that a business’s payment performance will become seriously delinquent, defined as 90-plus days beyond terms within the next 12 months or that the business will go bankrupt.
How is my business credit score calculated?
Your business credit score is calculated using the most sophisticated statistical algorithms available - taking into account over 150 parameters as well as economic and industry factors.
Where do you get your data?
The information in the Creditsafe database is derived from multiple data sources including trade suppliers, demographic suppliers, government entities, court systems, and individual companies. This information is updated periodically throughout the year, from daily to monthly, depending on the data type. All information is verified before hitting our database and feeding the scores and limits that CreditsafeUSA provides our customers. As the information is verified and then loaded into our database, our scores are updated to reflect the new information. All scoresand limits are generated from our proprietary algorithms that are consistently refined based on advances in technology and process improvement.
How often do you update your data?
Creditsafe international database reports are updated in real-time, over 1 million times a day.
Do you offer tiered reports?
No, we believe in providing all the data you need in one comprehensive business credit report to make an informed decision.
Are your credit reports endorsed by any credit insurers?
The credit limits within our Business Credit Reports are approved by all leading credit insurers. As an approved source, policy holders can use our recommended credit limits and integrate this into their discretionary policy limit or at a level advised by their credit insurance underwriter.