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The Business Owner Background ReportSM Suite provides unprecedented visibility into a business principal’s, owner’s, partner’s or key senior employee’s relationships with current and former business interests. Combining Experian’s robust consumer and commercial data assets with state-of-the-art analytics, the suite provides a comprehensive evaluation of the fraud and credit risk associated with a business owner or principal. Proactively manage risk and optimize portfolio performance with this convenient, easy-to-use service.
Business Owner Background Report provides a business principal’s total liability across the businesses he or she is currently associated with; it also provides information on how each current, identified business affiliate performed under the individual’s management. This report is a powerful investigative tool that assists with verifying the individual’s signing authority and provides indicators of potential fraud. This wealth of insight — all through a single source — can save you considerable time and money in assessing risk. In addition, you have the option to choose reports that include in-depth fraud intelligence and/or the principal’s personal credit information.
Information from Business Owner Background Report is pulled from a variety of public sources and private contributors. To maintain integrity, all information on the reports is provided by a third party, with no self-reporting allowed. Each report is returned with an indicator of Experian’s level of confidence that the owner is being linked with the right business. You can customize the match threshold so you only view reports that meet your company’s criteria.
The Business Owner Background Report Suite can be used to manage fraud and credit risk throughout an account’s life cycle, including:
Business Owner Background Report uses patent-pending technology to link businesses and their principals. The strength of this linkage is unparalleled in the market, providing an added level of security to your decisions. Additional features, such as state-of-the-art search and match logic and a confidence code measuring the strength of the relationship between the business and its principal, further ensure that the information you receive is reliable and accurate.
Use of Business Owner Background ReportSM — Linkage and Business Owner Background ReportSM — Fraud is governed by the Gramm-Leach-Bliley (GLB) Act. Usage of the Business Owner Background ReportSM — Comprehensive is governed by the GLB Act and the Fair Credit Reporting Act (FCRA).
Business Owner Background Report is available online or in batch format. Online access is provided through CPU-to-CPU connection, XML or Experian’s BusinessIQSM online platform. BusinessIQ enables you to access all Experian commercial credit tools and manage your accounts from the time applications are received through portfolio management and collections.
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