Creditsafe

Creditsafe is a credit reporting and risk solution that aims to help businesses mitigate credit risk, improve cashflow, and generate new business opportunities. According to the vendor, Creditsafe is designed to cater to businesses of various sizes, from small startups to large enterprises. It is utilized by finance and credit teams, risk managers, sales and business development professionals, supply chain managers, and credit managers across different industries.

Key Features

Business Credit Reports: According to the vendor, Creditsafe provides access to comprehensive credit reports on companies worldwide. These reports include credit scores, payment trends, financial statements, and ownership details.

International Credit Reports: The vendor claims that Creditsafe offers valuable insights into the credit risk associated with international companies. Users can access credit scores, payment trends, financials, and company information from various countries.

Business Principal Reports: According to the vendor, Creditsafe provides business principal reports that offer information on business owners, directors, and key executives. These reports include details about their background, affiliations, and financial history.

Company Monitoring: Users can set up alerts to receive notifications about changes in credit scores, financials, and legal status of companies they work with, as per the vendor.

Ledger Management: The vendor claims that Creditsafe offers ledger management solutions to help businesses streamline their collections process. Users can upload customer ledger data to identify high-risk customers, prioritize collections efforts, and reduce bad debt.

Debt Recovery: According to the vendor, Creditsafe provides debt recovery services to help businesses collect outstanding debts. Their team of experts offers skip tracing, negotiation, and legal support if required.

Trade Payment Program: The vendor states that Creditsafe offers a trade payment program that allows businesses to report their trade payment data. By reporting their payment experiences, businesses can build their credit history and improve their creditworthiness. This program also helps other companies make informed decisions based on the payment behavior of potential customers.

Compliance: According to the vendor, Creditsafe offers compliance solutions to help businesses meet regulatory requirements and mitigate risks. Their compliance tools include PEPs and sanctions checks to identify high-risk individuals and entities. They also provide enhanced due diligence services for thorough background checks on business partners and customers. Additionally, Creditsafe Protect is a feature that helps businesses protect themselves against fraud and identity theft.

Business Index: According to the vendor, Creditsafe offers a business index that provides an overview of the financial health and stability of companies. This index assigns a score to each company based on factors such as financial performance, creditworthiness, and payment behavior. Users can utilize this index to assess the risk associated with potential business partners and make informed decisions.

API & Integrations: According to the vendor, Creditsafe provides various APIs and integrations to seamlessly incorporate their data into existing systems. Users can leverage their business data API for onboarding, risk scoring, automated form completions, and more. They offer integrations with popular CRM platforms like Salesforce and CreditPoint Software. Additionally, Creditsafe provides a Sage 50 App for seamless integration with accounting software.