Tweet Fast, accurate, and efficient is the way most people want decisions in today’s hyper-competitive world.  You can also add: ‘customized to my company’s specific risk policies’ and ‘flexible to change as circumstances change’—naturally, wanting this right away, no waiting.  Does this sound like the type of decision system you would love to have?  Not [...]

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Tweet Today, Experian debuted DecisionIQ Premier at FinovateSpring in San Francisco.  In front of an audience of more than 750 financial services industry leaders we discussed the features and benefits of our new service.  Our newest offering is available on BusinessIQ.  BusinessIQ was designed and built to provide an easy to use single platform that delivers [...]

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Tweet Today, I am at the FinovateSpring conference at the Concourse Exhibition Center in San Francisco.  Finovate is the first “all demo focused” conference that highlights cutting edge technologies and innovative advancements in the consumer and commercial financial services space.  After a rigorous application and selection process, Experian’s Business Information Services was selected as one [...]

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Tweet I just returned from our annual Vision conference, and it was a great success.  This was the 30th annual event, and we played host to over 400 financial services professionals from around the globe.  The program was excellent…education sessions highlighting best practices for managing credit risk, informative “hot topics” sessions around important economic trends, [...]

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Tweet Social media.  You hear it all over the place.  What is it, and are you taking advantage of it for your business?  The nature of social media is to share.  It is a place where conversations take place.  It is a place where a community is built.  It is a place where people try [...]

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Tweet Most of us are pretty familiar with credit reports and scores, but how many of you are aware of the additional tools available to help you manage the entire credit risk lifecycle? I talk to credit managers everyday and as we’re all trying to do more with less, it’s easy to forget that opening [...]

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Tweet There are a number of factors that impact business credit risk scores.  Keep in mind that most risk models are built using multivariate statistical methods that not only look and each attribute but also look for the interaction between the attributes.  However, there are three general factors that will impact a business score. Recency:  [...]

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Tweet Welcome to my inaugural post on the Experian Business Credit Blog. I am often asked how the business credit information we provide to our customers is created and maintained – so this seems like a good topic to start with. Our data model takes advantage of the strengths and uniqueness of thousands of data [...]

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Tweet If you make decisions just by pulling credit reports, you may want to think about how you can manage your accounts proactively. Pulling a report is helpful in deciding whether you should offer credit to a business. But, consider these basic steps when looking for any negative trends:  #1 Develop a policy for how [...]

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Tweet We receive a lot of questions about using “blended” data, meaning the use of both business and consumer data when making a business credit decision.  First and foremost, you need to have permissible purpose to use consumer data on a business.  (Permissible purpose is a set of rules established by the federal government on [...]

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