Benefits of Business Credit Monitoring

Do some of your business customers, suppliers, and partners have impending financial problems? Find out before you incur losses with Business Credit Monitoring from Equifax.

At last, there’s a fast, economical way for your company to monitor any number of commercial accounts and get early warnings when a business may be facing financial difficulties.  ​The key to managing risks for existing accounts is to have a good process for finding out what you don’t know. 

​Business Credit Monitoring for Small Businesses

​If you sign up for Business Credit Monitoring today, you can immediately begin realizing the benefits. There are no software systems to install, no commitments to supply account data, and no disruptive implementation projects. 

Early identification of potential risk enables you to adjust payment terms, diversify revenue streams, engage new partners, or find back-up vendors to provide critical goods and services.

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​Here’s how you’ll use the Equifax Business Credit Monitoring service to improve risk assessment and decisioning:

1. You identify what businesses to monitor by uploading a file or enabling monitoring when you receive a business credit report for a business about which you inquired.
2. Equifax monitors the businesses and sends you timely email alerts when any of these adverse developments occur:  Drop in the Small Business Credit Risk Score or Business Failure Risk Rating, Judgments or liens appear in public records , Indication of bankruptcy reported for the business
3. You access the details of each alert at the same Equifax portal you use to pull business credit reports.
4. You decide what action to take for high-risk situations—such as restrict terms, close the account, or require COD payment.