Credit Reference Check

Discover the Advantages of Industry Credit Group Services

Credit professionals are faced with important decisions every day. The methods you use to assess risk, extend credit to customers and manage cash flow and collections have a critical effect on your company’s bottom line. Information on how customers pay their vendors can be an effective management tool for making better-informed decisions.

Good credit decisions are based on timely, accurate credit information not necessarily available from standard credit reporting sources. To address this need, BCI sponsors a variety of Industry Credit Groups that provide a forum for suppliers to exchange payment information on common accounts.

The success of industry credit groups is attributable to the exchange of factual, historical information and experience sharing between competitors. Group members meet on a regular basis to review reports and participate in round-table discussions on common customer accounts and industry-specific credit management topics. Each group receives the Basic Group Services package, customized to best meet their specific needs. The Basic Group Service package, as well as other a la carte products, are itemized below:

Basic Group Service Package:

• Receive hundreds of Credit Intelligence Reports per year! Each reporting cycle, group participants receive a Book of Credit Intelligence Reports that includes selective updated customer credit profiles
• Up to 12 BCI facilitated industry group meetings a year, with roundtable discussions about current credit trends and news, plus an opportunity to discuss industry best practices with your peers
• Discounted Credit Intelligence Reports that contain all of the information you need to accelerate credit decision processing
• Derogatory tradeline alerts compiled in a comprehensive “Flash Report”– 52 reports per year plus access to the on-line “Flash Archive” and urgent notifications from other group members
• Daily notifications of New England based commercial bankruptcies
• Dedicated client managers assigned to assist and grow each group

Other Available a la carte Products:

BCI Credit Intelligence, D&B, Experian, TransUnion, Equifax and International credit reports

DSO surveys by industry

Past Due Surveys and reports by industry

Quarterly “Flash” summary reports

NSF Summary reports

Skip Tracing Services to locate debtors that don’t want to be found

Credit Intelligence Report Update Services

Commercial Customer Account Monitoring Service

Reference Check Service

Employee background checks