Business credit reports and scores are subject to constant change. Business credit bureaus collect information on an on-going basis using a number of criteria to evaluate creditworthiness. As business credit transactions get reported, outstanding balances change, and so on, credit scores fluctuate accordingly.
While everyone is better served by having access to accurate and current data, this can make monitoring your company’s credit profile a top priority–and a time-consuming responsibility. Ensuring completeness and accuracy is increasingly important for businesses seeking to improve their credit that requires regular monitoring.
Fortunately, there are a range of tools that can help businesses manage and improve their credit.
Tools for Monitoring Your Company’s Credit History
Business credit products generally allow users access to their company’s credit history, credit reports and scores, competitive benchmarks, and credit inquiry activity. These tools can simplify and expedite the credit monitoring process, minimizing the time necessary to manage business credit while helping to develop effective credit building strategies.
A wide range of business credit products is available to meet any business’s needs, from acquiring a unique Dun & Bradstreet D-U-N-S® number and establishing a credit profile, to monitoring and building business credit.
Choosing the Right Business Credit Solution for You
For new businesses and those without a business credit profile, the DUNS FileCreator is a great solution that can help businesses quickly establish business credit in compliance with industry standards.
From Dun & Bradstreet, the CreditBuilderTM suite of tools grants unlimited access to credit information like the industry standard PAYDEX® score, commercial credit scores, and third-party credit limit recommendations. More comprehensive versions offer rapid submission of credit references to improve your business credit score, benchmarking capabilities, and immediate e-mail alerts whenever someone makes an inquiry into your credit.
For businesses that looking to evaluate potential business partners, DNBi Professional provides sophisticated risk management tools that are based on the proprietary databases compiled and maintained by Dun & Bradstreet. Identifying reliable prospects is often as crucial to success as is demonstrating your own credibility.