Every business wants to grow, but when your business involves providing credit terms or delivering goods and services before payment, it can be tricky to determine which businesses to work with and which to decline.  Historically, some large corporations have been wary of taking on small business clients who can be notoriously hard to evaluate [...]

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We promise that blogging from our product managers will start again soon, but in the meantime, here’s more from the Marketing and PR front… In honor of National Small Business Week, through May 30, 2012, we’re offering a 50% savings on our brand new BusinessIQ Express tool — just $375 for an annual subscription rather than $750. [...]

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A little over a week ago, we announced BusinessIQ Express at the FinovateSpring 2012 conference in San Francisco. The new online tool was designed to help small businesses better evaluate and monitor business relationships, and collect on outstanding debt.  Since its launch, we’ve received some amazing coverage in the media. For example, PC World named [...]

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Are you a small business owner or do you know one? At FinovateSpring 2012 this morning, we announced BusinessIQ Express, an exciting online tool designed to help small businesses keep the cash flowing by helping them make smarter decisions about the businesses they work with. The tool helps users: Evaluate prospects, customers, suppliers and partners [...]

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Our team is on a plane heading to San Francisco to announce our latest exciting solution at FinovateSpring 2012 tomorrow, May 8. If you’re not familiar with Finovate, it’s a twice yearly showcase of the most innovative financial and banking technologies. We showcased DecisionIQ Premier last year – and this year’s announcement is just as [...]

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In the movie “Casablanca”, the French police chief has a famous line, “round up the usual suspects”.  The Financial Stability Risk Score, or FSR, predicts bankruptcy or severe payment default and the factors used by the scoring model are familiar ones. Among the warning signals used:  61+ and 91+ delinquency trades and derogatories such as [...]

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You do not have to be the owner of Greek Treasury bonds to be concerned about the risk of a major account going bankrupt or defaulting. Slow pay is one thing, but no pay is unacceptable. To help reduce the risk of no-pay accounts, we’ve developed a new product – the the Financial Stability Risk [...]

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Experian’s quarterly Business Benchmarking Report released numbers for Q3 showing the percentage of dollars severely delinquent (91+ days past due) has increased by 15.8 percent compared to September 2010. This goes to show why businesses are struggling with their debt collection efforts.   How do you know if you are getting the most out of your [...]

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I split my time between the East Coast and West Coast. Last month, I guess the rain in the northeast was getting to me.  Seemed like between the August rain and all the bad economic news in the media, it was hard to find a lot to smile about.  But I did manage to find [...]

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The foundation of your commercial business begins at the customer level. With that, you’ll need a clear picture of your account’s health to make the best credit decision. Having data such as the following at your fingertips could prove to be very beneficial…  Additional business affiliations – Is your customer affiliated to any other customer [...]

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