How to Check Company Credit

The most common way to check company credit is through credit reports from the major business credit agencies.

You may want to check company credit for several reasons, including understanding a company’s financial stability, as part of a legitimacy check or as an aspect of your legal compliance process. Checking company credit is a fundamental aspect of the due diligence process for many companies.

Checking company credit with business credit agencies

Business credit agencies such as Creditsafe collate a range of financial information on businesses across the globe and assign a score based on how financially stable the business is.

The credit agencies will take into account the age of the company, it’s credit history, the number of credit enquiries made by the company and more. For a more comprehensive overview of what’s involved, you can read our in-depth blog on business credit references.

When you sign up with an agency to view their business credit scores, you may be able to go into depth to see the data points they use to assess their score, but this is not always the case.

While the information is very important, looking into this data manually can be time-consuming and costly for your business. That’s where automation comes in.

Automatically checking company credit scores

Manually looking up company credit scores every time a new potential business lead comes in can be very time-consuming. However, this data is incredibly important and often integral to bringing on new clients.

SalesTech is our business intelligence platform that seeks to automate the lookup, due diligence and onboarding process. SalesTech will import, read, score and qualify Creditsafe business credit reports based on a set of criteria that you determine.

When you use SalesTech, you establish the criteria necessary to work with a company and we do the rest. Each applicant will be scored against your bespoke requirements and can be automatically approved or denied so you can allocate your time to more efficiently growing your business.

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