Where to Find International Business Credit Reports You Can Trust
In today’s global economy, companies are doing more business across borders than ever before. In fact, the global economy is forecast to expand by 5.6% in 2021, its strongest post-recession pace in eight decades.
There are more opportunities than ever, but there are also additional pitfalls. How do you know the company you want to do business with will pay its bills promptly or deliver the goods you need to keep your shelves stocked?
Before committing to fulfill an order or extend credit, issue a purchase order, or do partner with an international business, you need to make sure they are financially sound. The best way to do that is to get international business credit reports to check their status.
If you are looking for international business credit reports, Command Credit offers international business credit reporting services you can trust at an affordable price.
How to Find International Business Credit Reports
International business credit reporting services work slightly differently than in the US.
In the US, there are unified platforms that provide information in a real-time database. This allows you to pull business credit reports instantly. In Canada, the UK, parts of Mexico, and South America similar systems exist, so you can get international business credit scores quickly.
Countries also have different laws and requirements on what information needs to be provided. For example, in the US, only publicly traded companies are required to make their financials available. In the UK, however, all businesses must submit financials.
However, in some countries, there is not a uniform standard for credit reporting or a database to consult. In those cases, researchers may have to develop the information manually including collecting the information, making phone calls, and knocking on doors. In those cases, you can expect some delays. Depending on the amount of manual work involved, pricing may be slightly higher as well.
With these manually compiled international business credit reports, they may look different than what you see in the US. While you will get the credit information you need to make good decisions, it may not be as complete or as deep as the US reporting system provides.
International Business Credit Reports You Can Trust
Each of the different international credit reporting agencies specializes in different regions and areas. Some are stronger in certain parts of the world than others. Contact Command Credit and let us know what you need. We have deep expertise with international business credit reports, so we can guide you to the right provider to get exactly what you need.
We make it easy for you to get the international business credit reports you need to make better credit decisions and protect your business. Request a consultation to learn how our international business credit experts can help you.