Tweet In prior posts I have discussed Experian’s data model and how the data model allows us to keep our commercial file up-to-date and accurate.  Today, I’ll explain how we leverage our data assets and technology infrastructure to make Corporate Hierarchy Linkage available to customers.  I’m sure no one will be surprised to hear me [...]

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Tweet In the past month there have been two  Google services that I’ve been keeping an eye on.  First was Google+.  I’m happy to say that I’m one of the 18 million users on the newest social media network.  The first week it came out, I was asking everyone I knew for an invite!  I [...]

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Tweet You may be familiar with your personal credit score, but do you know what factors drive a business credit score? The top three are trade, trade, and more trade information. You see, the number and percentage of trade credit lines that are considered delinquent or severely delinquent can have a major impact on your [...]

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Tweet We’re all aware of the increasingly bold moves fraudsters take to steal personal identities to secure jobs, cars, homes and more—but what about business-to-business fraud? As a small business owner, how much thought do you give to fraud protection for your business? You have a lot to fear and even more to lose if [...]

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Tweet Ok, that is a loaded question. We can take a look at many things, and say, “yea, with all the bad news coming out, of course small business owners are losing confidence”.  The NFIB confirms that with their latest report. Reasons cited?  What else….inflation fears brought on by higher gas prices, and high unemployment.  But [...]

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Tweet Last time, I wrote about the importance of understanding your portfolio’s exposure. Let’s get a little more specific and evaluate things from a disaster perspective.  FEMA reported that there were 81 declared disasters in the U.S. last year. This year, we’ve already experienced 50 disasters. According to the American Red Cross, “as many as [...]

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Tweet One of the most frequently asked questions posed to me by clients is: Do I need a custom scorecard? To answer that question, let’s first start with the benefits of a custom scorecard (or model).  Here are a few of the best things about a custom scorecard: 1) Increased model performance. Typically a custom [...]

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Tweet How do you use scores in setting a credit or risk policy? The answer actually varies widely, but there are some general rules. What is your companies risk tolerance? If margins are high, approvals are usually high also. In this situation, only the highest risk and lowest scored accounts should be rejected or reviewed. [...]

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Tweet  Summer vacations are in full swing and I can’t wait to spend some time at the beach with the family this summer. Since late payments and bad accounts never seem to take a vacation, I want to remind you of a couple of the tools we have available to help you manage your [...]

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Tweet Credit reporting companies require a minimum amount of information on your small business before they can generate a credit rating for your business. The process of scoring your business can include more than 200 factors into its model. To build a business credit history and rating, encourage your suppliers or vendors to report your [...]

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