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About EquifaxEquifax Plc is part of Equifax Inc, a global leader
in turning information into intelligence. We
provide information on businesses and
consumers, and offer a range of services to help
businesses effectively target and acquire new
customers, manage and develop their customer
base, maximise revenues and trade profitably.
For consumers, Equifax offers instant access to
their credit information to help them manage
their personal finances.
Credit Risk Assessment
Customer Monitoring
Application Processing & Decisioning
ID Verification & Fraud Prevention
B2B Marketing Data
To learn more about Equifax BusinessInformation Services, call 0845 603 3000 or visit equifax.co.uk/biz
Equifax BusinessInformation Services
Now, you can quickly and easilyanalyse the payment historiesand profiles of customers withinyour particular industry. When making business lending and account opening decisions
it is important to see as much relevant information about your
customers as possible.
However, recent changes in account filing regulations and the
expansion in the number of non-limited businesses and sole
traders, means there is less accounting information readily
available.
The fast, effective way to overcome gaps inaccounting information
Equifax has developed a flexible, dynamic and timely data sharing
tool that will help businesses overcome data gaps by sharing
relevant information quickly and efficiently.
Available online, and as part of our Portfolio Monitoring Service,
we offer members of our Credit Communities the facility to update
and share both negative and positive information on individual
customers. Furthermore, our unique email alert system enables
members to respond immediately to any changes in a customer’s
credit or financial status.
Share and access critical informationabout customers in your industry
■ Increased credit and payment terms.
■ Stopped cheque and bounced cheque presented.
■ Winding-up order and County Court Judgment.
■ County Court Summons and High Court Writ.
■ Bankruptcy, Bailiff instructed, and account on stop.
■ Legal action being taken.
■ Collection agent appointed.
■ Opened account and payment to term.
Shared Data Services
Equifax Shared Data: flexible, dynamic and timely.
A flexible, dynamic and timely, criticalcustomer information sharing tool
Shared Data ServicesWhy use Equifax Shared Data Services?
www.equifax.co.uk/biz
Sharing up-to-the-minute data between peers canmake the difference betweena profitable decision and afinancial mistake
Here’s an example
A customer that has been on your ledger for six months
places an order with you for goods or services that
exceed their normal order value quite considerably.
The credit report shows no detrimental information, and
their payment record with you has been exceptional.
Scenario one
On the basis of the information available to you, you
take the decision to fulfil the order on credit. However,
three months’ later, you have still not received payment
despite numerous calls and letters, and your business
is feeling the pinch of this failed transaction.
Scenario two
Just the day before, you received an email notification
from another supplier who also have the same customer
on their books, and have been dealing with them for
twelve months. However, they have not been so lucky
and a large order they fulfilled on credit remains unpaid.
What decision would you take now?
Shared Data items include:
Payment terms
Bounced cheque presented
Stopped cheque
County Court Summons
County Court Judgment
High Court Writ
Bankruptcy
Bailiff instructed
Legal action being taken
Collection agent appointed
Winding-up order submitted
Account on stop
Payment to term
Opened account
Increased credit
To learn more about Equifax BusinessInformation Services, call 0845 603 3000 or visit equifax.co.uk/biz
Equifax Shared Data: flexible, dynamic and timely.