CHECK YOUR BUSINESS PARTNERS FROM ROMANIA AND ABROAD WITH A COMPANY REPORT
A company report provides all public information (i.e., financial data, shareholders, litigations, payment incidents, etc.) about a client or a supplier. A rating summarizes the information and its quality: a good rating means your company can work in confidence with this client for the next six months, and in case of a bad rating your company must be cautious and take specific guarantees.
The credit limit is the maximum credit the company can give to its client for the next six months. This credit limit is usually conservative and is often optimized by the CFO or the Credit Manager according to their internal information.
Two types of reports are available: automated reports and the ones done by analysts. An automated report uses an algorithm and is based only on financial data that are often outdated. An analyst uses all available information to perform the analysis of a company and to rate it.
For quality and critical decisions, we recommend using company reports done by financial analysts that are far more superior compared to automated ones.
A COMPANY REPORT ANSWERS TO THESE QUESTIONS
- Is my client able to pay me, and what is the risk of not getting paid?
- Is my supplier able to deliver?
- What credit limit should I establish for my customer?
OUR SELECTED PROVIDER
We selected the reports done by the analysts of Creditreform.
Creditreform delivers business information solutions for more than 130 years in Europe. Creditreform set up an office in Romania in 1991 and is the only company with trained analysts. Companies with internal analysts often use Creditreform as a second opinion.
WHEN TO USE A COMPANY REPORT?
- When you negotiate a contract with a new client/supplier;
- When you re-negotiate contracts with existing clients/suppliers.
HOW MUCH IT COSTS?
Thanks to digitalization, the data are automatically collected, which saves time and it’s cost-efficient.
The analyst can focus on assessing the company for a better rating.
- A report for a Romanian company is 25 EUR (+VAT).
- A report for a foreign company depends on the country.