Transportation Companies Check My Business Credit

You've felt it before. Even if you've managed to avoid it,
you know someone else who hasn't been so lucky.


What are we talking about? The anxiety experienced when you make a credit decision, only to find out too late that the report you had didn???t cover the last year of stomach-churning drops in the company???s credit rating ??? that sudden, looming realization that you might never get the money for that sale.

Ansonia's expertise is to make sure you never feel this again.

Your business needs accurate, flexible business credit reports. You need them FAST and up-to-date... and you want them to be highly affordable. We are the NEW credit reporting service that is bending over backward to give our clients exactly what they need.

See the difference.
Try our free credit report today.




Why Our Data is Better

Our Data
is Unique

We collect data from all types of businesses ??? from Mom & Pop all the way to Fortune 500. Our state-of-the-art platform enables us to accept data files that other business credit companies cannot.

Our unique database translates to more relevant information, which translates into you making better credit decisions and making more money. Many businesses find that Ansonia???s core business credit report is the only credit risk decision tool they need.

Our Data
is Fresh

What would happen if you gave a customer a large amount of credit, only to find out too late that the report you had didn???t cover the latest stomach-churning drops in the company???s credit history? You may have a sudden, looming realization that you might never get the money for that sale.

Ansonia to the rescue! Unlike many other credit reporting companies, we continuously update our database 24/7, ensuring the freshest data possible. And with a click of a button, you can get the latest judgements and public records. This is our expertise ??? to lessen your anxiety over future credit decisions.

We Do Not Buy
Our Trade Data

There are some business credit reporting companies that buy, repackage and resell other credit reporting companies' data. We collect our own up-to-date and reliable data and don't sell it to other companies. Nor do we buy data reports from other companies. Our database is unique and secure.


We Do NOT Own or Partner With A Collection Company

Some credit companies partner with collection agencies and may have conflicting business dealings. We are strictly in the business of providing credit data intelligence to businesses.

It's the only thing we do and we do it well. You can depend on us to ALWAYS give you accurate information that will benefit your business.



Up-to-Date and Accurate

We are very pleased with the quality and reliability of Ansonia???s credit information. The information is always up-to-date and accurate, and obtaining credit reports is a very simple and fast process. Furthermore, the level of personal support and service we receive from Ansonia is top-notch. We are extremely fortunate to consider Ansonia as a trusted and valued partner in the transportation industry ??? they definitely help make our job easier!???

???Eric Belk, Vice President
Match Factors

Members who provide data receive up to a 40% discount on their business credit reports.





No Finance Degree Needed

Have you noticed that reports from the other business credit report companies are extremely hard to read? You need to learn about a customer's credit worthiness fast. But you're stuck wasting time trying to figure out a report that is full of numbers, but doesn't tell you much.

It's difficult to tell a good customer from a bad one. There may be a note the customer was 90 days delinquent on a payment, but you are not told if that was years ago with just a single slow payment, or if the customer is delinquent all the time. And hey, if you can't find out what you want to know NOW, the report is worthless. You might as well flip a coin.

This hurts your business. You may take a chance on a customer who winds up burning your company. On the other hand, you might pass on somebody that would be a great customer ??? and you lose the sale.

Ansonia saw this problem and fixed it. Our reports are extremely easy to read. We go the extra mile to make sure ALL the numbers make sense. And we are sticklers for assuring you have the exact stats you need when you need them.


No Pre-Paid Contract Required

Annual contracts are devised to lock people in long term. Other business credit reporting companies encourage you to give everyone in your company access to their information ??? the more employees running reports, the better.

And when contract renewal time comes, they pull out a 10 pound stack of all the invoices you pulled to support why you can???t live without them. Oh, and buy the way, your price goes up.

Often they will offer a business a three-year contract with price escalations. So they lock you in, guarantee themselves a nice revenue increase each year, all while selling the exact same report.

Why should you agree to pay 3-5 percent more over a period of 3 years for the exact same report? If it???s the same report, why should you have to pay more from year to year? Are the reports giving you more value? We offer you a better solution.

With Ansonia, you only pay for what you use. No long term contracts. No escalating fees over time. And to top it off, members who provide data receive a discount of up to 40% on their business credit reports. You get the accurate, easy-to-access credit reports you need at a dramatic savings.

Additionally, members who provide data receive up to a 40% discount on their business credit reports.






Customizable Reports Lead to Better, Faster Credit Decisions



 

Watch the video below to see how your report would work.
Freight Industry Business Credit Companies

You Can't Go Wrong with Ansonia

When Transwest Capital first started out we were using another credit data company to verify the credit-worthiness of our debtors. While we were not unhappy with the company, we did not know what we were missing until we signed up with Ansonia Credit Data. After switching to Ansonia, we started to realize that the information we were previously using was not as fresh as advertised. With Ansonia, we know we are receiving the most up-to-date and in-depth look at a debtor???s credit-worthiness. In a word, we had become complacent with the previous company, trusting that their data would help us protect our receivables. It did, to a point. Now, we feel as if we have a partner watching our backs 24/7. Coupled with the customer service the staff at Ansonia provides, you can???t go wrong with Ansonia Credit Data.???

???Brian Cummings, Operations Manager
Transwest Capital



We Can Integrate With Your Software

We welcome special programming requests. Have you ever tried to get a customized project with one of our competitors? One of our current clients signed a contract with our competitor to provide a customer-facing online credit application.

Our client worked with that company for over an entire year, and failed to receive a working product. We took this project on from scratch, and had the entire process ready to go in just two months.

Businesses run lean shops. Employees are generally expected to do more and more in a finite number of hours per day. Automation/integration is the key.

With our 21-st century, state-of-the-art technology, we easily integrate with any software. We can ???push??? data intelligence to our customers to help them streamline their processes. These kinds of tools mean you don???t have to pay someone to sit at a desk and look at credit app after credit app and run one report at a time.



Transportation Companies Check My Business Credit

Live People Answer Our Phones

This really shouldn???t merit a mention. After all, it???s common sense that a company would take calls from their clients so they could help them and provide great customer service. Right? Wrong.

Most calls to our competitors seem to be sucked into a pit where voicemails go to die, leaving you stranded and without help. Fortunately, that???s not how we operate.

It???s a point of pride for us to pick up the phone when you call and to give you as much help as you want. So if you don???t want to feel like you???re alone in the dark, give us a call now at 1-855-267-6642 to let us shine some light on your situation.


Freight Industry Business Credit Companies

Ansonia Clearly has the
Advanced, Customer-Oriented
Business Credit Reports You Need

By combining top-notch, highly reliable credit reports with caring customer service and BIG savings ??? Ansonia is rapidly becoming the first choice for businesses of all sizes.




See the difference.
Try our free credit
report today.

???  Verify a new customer
???  Check an existing customer
???  See the difference
Transportation Companies Check My Business Credit

Or Call Us Today at:
1-855-267-6642



Grab This Powerful Arsenal Of Business Credit Reporting Tools That Only Ansonia Can Give You:


Become one of the new savvy business owners who use Ansonia and profit from the following:

???  Ansonia Sells Only Business Data ??? we only concentrate on business credit reports.

???  Ansonia???s Business Data is Always Fresh, not Stale ??? We update 24/7.

???  Ansonia Does Not Resell Your Data ??? Your customer data is safe with us.

???  Ansonia Works With Everybody ??? From small businesses to Fortune 500 companies.

???  Ansonia Collects Unique Data ??? We collect data the big guys can???t even touch.

???  Ansonia???s Reports Are Easy To Read ??? You???ll know exactly how your customer pays.

???  Ansonia???s Reports Are Customized ??? You decide on what data is important to you.

???  No Prepaid Contract Required ??? You are not tied down, wasting money.

???  We Keep It Simple ??? Anybody can read our reports and understand them.

???  Live People Answer Our Phones ??? The others don???t, nor do they care to.

???  We Do Not Own Or Partner With A Collection Company ??? We provide unbiased data.

???  Customizable Software Integration ??? We integrate with any software you run.

???  Automation Is The Key ??? Request as few or as many reports as you want.


We're here to get you started.
Call us now for your no-cost, no-obligation discussion.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Freight Brokerage Business Credit Reporting Agencies Articles

 

11 Accounts Receivable Management Best Practices

If you are extending payment terms to customers, sound accounts receivable management is crucial to preserve your cash flow and protect the bottom line.Here are some basic accounts receivable management best practices that you should consider implementing.

11 Accounts Receivable Management Best Practices

1. Establish a Credit Policy

Before offering payment terms, you need to define a clear credit policy that allows you to determine your risk when extending credit to a new customer.Always review the business credit report of a potential client , and make sure that your evaluation is based on up-to-date, high quality data.

2. Bill Electronically

You can avoid long delivery times and potential delays with the postal service by using an electronic data interchange (EDI), e-invoicing, email or even fax to deliver invoices.

Once you switch over to electronic billing, consider shortening your payment terms from net 45 or net 30 to payment due on receipt.

3. Send out Invoices Promptly

Instead of transmitting all your invoices on a weekly or monthly batch, make sending them out as they are generated a priority.

4. Offer Alternative Payment Methods

Giving customers flexible payment options such as electronic funds transfer (EFT), PayPal and credit cards can help you convert receivables into cash faster.An EFT allows customers to deposit their payments directly into your company bank account -- all they need is your bank name, branch and account number, which can be included on your invoices.

5. Use Accounts Receivable Management Tools

Using customizable accounts receivable management tools give you an easy and efficient way to streamline the entire credit approval through the collection process.

Look for web-based tools that offer you cutting-edge technology, continuously updated accounts receivable data and in-depth analytics.

6. Monitor Accounts Receivables

Set up an A/R aging report and review it at least weekly so you can track accounts as they become delinquent. Be sure to follow up with customers who do not pay invoices within the terms they have agreed to.

Every day that an invoice is overdue has a negative impact on your cash flow.

7. Pick up the Phone

Having a conversation with a customer can encourage an on-time payment or help you learn why an overdue invoice has not been taken care of.You should call to verify receipt of an invoice 15 days after it goes out. If a payment is not made within a reasonable period, follow up with another phone call. Speaking directly with a customer is usually more effective than sending emails or collection letters, and that personal touch can help maintain your business relationship.

8. Keep Collection Records

Maintain detailed records of the collection attempts you make for each past-due account.Include phone calls made, emails and collection letters sent, and take notes on the their responses for future reference.

9. Offer Early Payment Discounts

The standard early payment discount offered by many companies is 2/10, net 30, which gives customers 2 percent off an invoice that is paid within 10 days, or the total is due in 30 days. Instead, try 2/10, net 20 as more of an incentive.Do not let late payers take advantage by not enforcing the discount period.

10. Consider Factoring

Using a factoring company is an option that can improve your cash flow, and eliminate the cost and hassle of dealing with receivables.A factor will pay you a discounted amount for your outstanding invoices and then take over collections. Depending on your situation, the benefits may outweigh the percentage taken off the top.

11. Contact a Collection Agency

If you have overdue accounts that are impossible to collect, your last viable option may be turning them over to a collection agency (be sure it is your last option).You will only receive a fractional value of the receivable if the agency is able to collect, but it is a better alternative than writing off bad debt.

In Conclusion

Extending payment terms to customers can help your business grow but can also open you up to credit risk

Use these accounts receivable management best practices to better protect yourself and your bottom line.

 


You Can Find More Information at www.ansoniacreditdata.com/

Call Us Today at: 1-855-267-6642

What Are Automated Business Credit Decisions?

 

Automated business credit decisions are generally achieved via specific software that automates and manages the credit assessment functions of a company. Through the use of credit scorecards, the software is able to make a credit assessment using decision parameters to assess suitability and payment risk. Using automation, a typical credit transaction can be quickly completed, with the credit controller simply collating key information and entering it into the system.

 

The system will have pre-set criteria, and using those criteria will be able to assess the risk-level of an account and make a judgment on the correct course of action.

 

Generally, an automated business credit solution will provide the following :

 

A data interface or screens;
The ability to check a credit application against any blacklists or internal watch lists;
Flagging specific organizations or industries that may require detailed assessment;
Checking credit limits and payment histories of existing customers;
Appropriate bureau files for the company, its principals, and any potentially associated organizations;
Inspecting bureau files for pre-defined adverse rules;
Utilizing a bureau score or calculating risk scores;
An accept or decline decision, which could be conditional;
A link direct from the accounting/billing system to approved applications;
Workflow queues for required manual tasks;
Analysis and reporting to assist in reviewing the implemented rules.

 

Other Benefits of Automation

 

With automation, it allows the existing credit managers of the company to focus their attention on compliance management and complex transactions. Again, this reduces risk and exposure. The beauty of credit automation systems is that they can be added to or added onto existing IT infrastructure, outsourced via a third party company, or hosted through the Internet and accessed via a gateway or secure link. With the automation of credit decisions, the knowledge and skills of credit management professionals are still required in order to assess both high-risk and high-value decisions, but it does reduce the amount of time these skilled credit managers are spending on day-to-day credit decisions.

 

Through tighter controls of the accounts receivable process, automation increases the ability to track fraudulent payment behavior, in addition to improving adherence to corporate governance standards. In conjunction with scoring, automation helps improve cash flow through more consistent decisions and faster response times. It is also ideal for companies in managing their existing accounts because it quickly identifies both accounts that require attention and worrying risk patterns.

 

Is Automation Right for My Company?

 

The question is this: If automation is best practice, why it has not been adopted by more organizations? Perhaps the answer lies in challenging the status quo of operations. The barriers to adoption, or maybe we should say the perceived barriers, will generally fall under the following headings :

 

Technology: Will the technology I implement interact efficiently with my existing systems (ERP, CRM) and can the data be shared across the systems?
Cost, or Capital Expenditure: How much will it cost to both implement and manage a large piece of IT infrastructure?
Accurate Decision-Making: How can I be sure that the automated credit decisioning process will provide me with accurate information and provide data enabling me to make sound business decisions?

 

And there is another issue: Some credit teams believe that automated credit systems will make their expertise redundant; but in fact, nothing could be further from the truth. Yes, automation will make simple decisions quicker, thus allowing experienced credit managers to focus their skills and efforts on high-risk credit matters. In addition, introducing an automated credit decision system will benefit the credit collection function in the following ways:

 

Reducing duplication by keying in information at the point of sale;
Automating data entry and linking that data with existing customer relationship management systems;
Increasing revenue by freeing up time for skilled credit managers to increase overall approvals;
Reducing potential errors in opening accounts and reducing time spent in administering mundane tasks.
For many organizations, automated decisions and credit scoring play a critical role in the risk assessment process.

 

Automated credit systems also reduce the risk and potential for fraud by eliminating human interaction in the assessment process; making it easier to petition the accounts portfolio. In addition, it leaves credit managers with additional time to use their industry knowledge in making accurate risk assessments.

 

And finally, implementing an automated credit decisions process positions companies for growth, it adds agility to the new business process. Because automation speeds up a credit decision response, new customers are up and running and, more importantly, being billed much quicker than manual methods of approval.

 

So yes, there will be an initial outlay of cost; however, when building a case for an automated credit decisions process the following positives must be taken into account, improved efficiency, decreased fraud risk, simpler adherence to corporate governance requirements, and increased approval rates.

 

IT Implementation

 

A key challenge with IT implementation is how will it interact with the IT infrastructure and existing systems of a company, and it is the same when you are developing a tool to automate credit decisions. In ensuring this concern is addressed, many of these automated tools deliver functionality by utilizing Web services, therefore not impacting the existing infrastructure on a company.

 

Software as a service works by hosting via the Internet, and the company uses the solution on an as-needed basis. There are a number of distinct advantages of using software as a service, including :

 

Saving Money: Lower IT costs Pay As You Go;
Technology budgets can be focused on competitive advantage;
You will have immediate access to the latest innovations;
Zero setup costs for supporting infrastructure upgrades, Fees are managed on a subscription basis;

 

If your business subscribes to a web hosted application using software as a service, your business will be free from supporting time-consuming, high cost IT functions to support the application. These costs might include:

 

The purchase and support of the server infrastructure required to both install and maintain the software inhouse;
Maintaining a patch and upgrade process, which can be labor intensive;
Providing the equipment redundancy and housing required to ensure reliability, security, and scalability.

 

Software as a service is as easy to use as simply flicking a switch, and it makes the application and updates readily available to the user. Companies are free to update to the latest technology when the vendors do, and costs can be managed via a regular subscription model. Obviously, the software as a service model woould not suit all business models, but it does offer a high degree of flexibility, especially for small companies who do not have the necessary infrastructure to warrant an embedded automation application. And this means that the cost savings mentioned above are even greater because there is not the same initial upfront cost.

 

In Conclusion

 

The major aim of automating credit decisioning is to harness the skilled credit management resources of a company in order to focus on more important credit decisions. We are living in an era of continuing economic concerns and record unemployment, so the credit staff of a company must be maximizing their potential. Because we now have lower-cost automated solutions using technologies such as software as a service, the technology barrier is no longer prevalent. The cost barrier can easily be overcome because the skilled credit managers of the company are now free to focus on their high-value transactions, and the barrier of accuracy can be addressed by using multiple sources of independent data to wash against internal sources. In addition, because the skilled credit managers have more time to focus on the at risk clients, the organization is able to reduce bad debt through thorough investigations of potentially marginal deals.

 

More importantly, though, credit managers can concentrate on building a good credit profile which will enable sales teams to target specific customers that are attractive to the company.

 

Fortunately, the idea that automated credit decisioning results in a reduction of staff is rapidly being dismissed. The truth is that, in this current economic environment, automating credit decisioning allows for cheaper, faster, and more effective credit decisions, whilst allowing skilled credit managers to use their skills and knowledge to fulfill their capabilities in their given roles. In order to ensure that income continues to flow and organizations stay afloat, it is critical to have customers online and bill as quickly as possible.

 

 


You Can Find More Information at www.ansoniacreditdata.com/

Call Us Today at: 1-855-267-6642



 

"

Accounts Receivable Portfolio Management

 

Analysis is at the very heart of portfolio management. It is through analysis that Credit can provide a wider framework for both quantifying credit and collection decisions by establishing norms and consistent risk classifications. This results in consistency across the receivables portfolio and offers justification for decisions. However, in the world of manual collections, decisions of the collectors are often based on their own intuition and experience.

 

When dealing with individual accounts, some collection professionals are capable of operating at a consistently high level based on both historical activities and a measure of precedence. Of course, when it comes to broader portfolio management, this does not mean they are always on target; because it leads to a bias for limited risk and conservative decisions, which in turn leads to missed opportunities and ultimately lost money for the bottom line.

 

Credit managers can get a better idea of their accounts by utilising comprehensive portfolio management analysis. Perhaps overall level risks are low, and maybe certain accounts would not fail as often as anticipated, so large profit margins could well justify extending credit in order to increase sales figures.

 

There are a number of benefits to be gained with analysis, while risk can be minimised to a certain degree. Huge benefits can be gained in the following three areas of portfolio management:

 

Quickly Identifying Underperforming Accounts

 

Future results will be more positive because it is now easier to locate underperforming accounts. In addition, it is up to collectors to compare individual customers within portfolio segments so commonalities and trends can be identified. Of course, this process will make the underperformers even easier to locate because the randomness has been removed from the identification process. Inventory management, industry trends, and seasonal attributes become even more obvious when it involves one whole segment of your portfolio: commonality is allowed for when addressing the broader needs of this group.

 

Efficient Definition of Your Collection and Credit Management Needs

 

Now that you have identified your underperformers, you need to address your management needs. Ask yourself the following questions:

 

Why are pricing deductions in a particular Accounts Receivable segment increasing?
Why is this sales territory slower than others in collections?

 

When you can answer these questions, you will be able to amend your internal practices and create structural improvements in order to affect collections in a positive way.

 

Undesirable ??? Desirable Accounts: Understanding the Difference

 

The great thing about portfolio analysis is that it can reveal extremely valuable and important information about your customers. It means you can increase your market share with established customers by identifying market segments, or customer types, that are able to handle a higher credit line. By supplying your sales department with information regarding both your top and bottom accounts, it is then up to them to target their efforts towards lowest potential risk prospects; those with the highest potential for long-term customer relationships, and thus profits. The key to success is being able to rank your accounts based on risk and other relevant factors.

 

If you are competing with top organisations it is crucial that you manage your accounts receivable portfolio; and utilising all the reporting and analysis tools that form part of accounts receivable software systems is just part of that competitive edge. There are various drill down options which allow for almost unlimited methods for viewing your accounts, and it is these different perspectives that make identifying trends so much more beneficial and efficient for both short-term and long-term financial planning.

 

 

"
You Can Find More Information at www.ansoniacreditdata.com/

Call Us Today at: 1-855-267-6642

 

A Sample of business credit reports
found in Ansonia's database

 

Company Name:  WAYFAIR LLC

Street Address: 4 COPLEY PL FL 7

City: BOSTON

State/Province/Other: Massachusetts

Zip: 2116

Country: United States, U.S., US

Phone: 925-979-4440

Rating: Available!

Historic 25 months

Average Days To Pay: Available!

Average Outstanding Balance: Available

Total Companies Reporting Payments History: Available!


Would you like to know how WAYFAIR LLC pays their bills?

Call Us Today to Get Your Complete Business Credit Report
For WAYFAIR LLC at: 1-855-267-6642

 

 

Company Name:  CRETE CARRIER CORP

Street Address: 400 NW 56TH ST

City: LINCOLN

State/Province/Other: Nebraska

Zip: 68528

Country: United States, U.S., US

Phone: 920-592-8730

Rating: Available!

Historic 25 months

Average Days To Pay: Available!

Average Outstanding Balance: Available

Total Companies Reporting Payments History: Available!


Would you like to know how CRETE CARRIER CORP pays their bills?

Call Us Today to Get Your Complete Business Credit Report
For CRETE CARRIER CORP at: 1-855-267-6642

 

Company Name:  PRIME INC

Street Address: 360 W BUTTERFIELD RD STE 400

City: SPRINGFIELD

State/Province/Other: Missouri

Zip: 60126

Country: United States, U.S., US

Phone: 503-532-4509

Rating: Available!

Historic 25 months

Average Days To Pay: Available!

Average Outstanding Balance: Available

Total Companies Reporting Payments History: Available!


Would you like to know how PRIME INC pays their bills?

Call Us Today to Get Your Complete Business Credit Report
For PRIME INC at: 1-855-267-6642

 

Company Name:  AMAZON COM

Street Address: 705 5TH AVE S

City: SEATTLE

State/Province/Other: Washington

Zip: 98104

Country: United States, U.S., US

Phone: 770-948-4331

Rating: Available!

Historic 25 months

Average Days To Pay: Available!

Average Outstanding Balance: Available

Total Companies Reporting Payments History: Available!

 


Would you like to know how AMAZON COM pays their bills?

Call Us Today to Get Your Complete Business Credit Report
For AMAZON COM at: 1-855-267-6642



Youtube Videos
Freight Brokerage Business Credit Reporting Agencies
 

Where to get freight brokerage business credit reporting agencies
 
Freight Brokerage Industry
2108 Caton Way SW
Washington
USA
1-855-267-6642

 

Customized reports for the freight brokerage business credit reporting agencies with unique information that other business credit reporting companies do not have.

Ansonia Credit Data and bill.report

 

 

 

 

How To Check A Business Credit Reference

Business Credit Score: What It Means to Your Business

 

Every business has both a Business Credit Score and a Business Credit Report. A good (high) business credit score is key to having your company approved for financing and trade credit. Your Business Credit Score ranks the creditworthiness of your business, just the same as your personal score acts as a financial rating.

 

How Are Business Credit Scores Determined?

 

Business credit scores are determined by reporting agencies, such as Ansonia Credit Data, with several factors going into the calculation of these figures. Various traits about your company and its financial history determine how credit scores are calculated for your business. Please see below for some factors that may determine your business credit score.

 

Outstanding Debts
Payment History
Credit Utilization Ratio
Public Records, which may include bankruptcies, liens, and judgements
Length of Credit History
Company Size
Industry Risk

 

Some of the above factors are unique to Business Credit Scores while many are similar to the ones used for calculating your personal credit score.

 

How Are Business Credit Scores Used?

 

Before a lender or other creditor can approve your business for finance they need to determine how capable your business is of repaying its debts, and this is where your business credit score comes in. If your business has a high Credit Score it indicates to creditors that your business is trustworthy; that it is not a high risk for finance. Lenders will use the business credit report of your company to obtain detailed information about the financial history of your business; with your Business Credit Score serving as a quick-check evaluation.

 

In addition, a high business credit score may give you access to more credit than you would be able to receive if applying for finance with only your personal credit score.

 

It is Important to Check Your Business Credit Score

 

All business owners should review the financial information of their company on a regular basis, and this includes their business credit score. These scores are fluid and can change with time. It is for this reason that creditors will assess your creditworthiness on a regular basis. If you should notice that your business credit score is low, there could well be an error in the credit reports which resulted in an inaccurate calculation. It might also be that your business does not warrant a higher score because it does not have sufficient credit history.

 

However, if you believe there is an error in your Business Credit Score it is imperative that you contact the credit agency that generated the score in order to have this score checked, and corrected if necessary. If no error has occurred, it is still possible to increase your business credit score over a period of time by making payments on time and lowering the credit utilization ratio for your company .

 

Regardless of whether you are just starting out in business or you have been in the game for many years, an essential aspect of staying competitive in business is to build a strong credit profile.

 

Improving Your Business Credit Score

 

It can be confusing trying to determine how and when business credit scores are used; however, it is actually very simple to keep your score high. Basically, it is the same as taking care of your personal credit.

 

Make sure your business bills are paid either on time or before their due date;
Maintain your credit utilization at around 25%. It is important that you do not max out your credit lines; and
Open multiple credit accounts; such as trade lines, business credit cards, and loans.

 

About Business Credit Reports

 

You are probably aware that you can check your financial history by viewing your personal credit report. Well, the same information can be reviewed for your business, and that is because credit bureaus scour public records and other financial data in order to develop a credit report on your company the moment you start a business. So, when you receive trade credit (also known as a business loan or line of credit), information about your payment history is compiled and turned into a business credit score by a company such as Ansonia Credit Data. Ansonia Credit Data is a premier business credit reporting provider.

 

One of the most important aspects of being a small business owner is to take the appropriate steps to build your business credit profile. Doing this will assist in creating strong business relationships and open up financial opportunities that will make running and growing your business so much easier.

 

 

 

 

How To Check Credit References For Business

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Checking a Credit Report for a Company

 

It is via a Business Credit Report that a person or company is able to evaluate the credit worthiness of potential suppliers, a competitor, or even its customers. A business will often run a Business Credit Report on itself to determine how its financial stability is being presented to the larger business community. We strongly advise that any business entering into a relationship with a new company should run a Business Credit Report, because this which will assist in determining the degree of risk involved in the proposed business relationship.

 

Reading a Business Credit Report

 

It is highly recommended that a company run a business credit report if it is considering evaluating the reliability of potential suppliers, granting credit to new customers, or even analyzing the credit standing of their own company . Typically, a business credit report will provide a snapshot of the credit history of a company, including how reliable it is in paying its bills and managing other financial obligations. Running a business credit report on a company can help you reduce risk by identifying potential warning signs of credit problems of your customers . It will also help you determine whether your own company is a positive credit prospect for its suppliers.

 

A business credit report will ideally include a review of the following aspects of a business.

 

Credit Risk Rating

 

The majority of business credit reports include a rating system which has been designed to assist in gauging the potential risk of either late or delinquent payments. These ratings are determined through an analysis of different credit factors, like legal filings and past payments performance; plus, they are ideal for when you are required to make a quick credit decision. Any high risk rating should be taken very seriously.

 

Payment History

 

It is important that you analyze past payments to determine how efficient a company is in managing its accounts. Look for trends as well as timely payments. As an example: you may notice that a prospect previously made minimum credit card payments; however, they are now paying the balance in full each month. This could well indicate that the company has become a better credit risk, meaning that they have developed a stable revenue stream. In addition, you should check to see how the payment history of a specific business compares to other businesses in the same field. The information you gain here will confirm whether Are the payment patterns of the business in line with industry norms.

 

Of course, this also applies to your own business credit report: when reviewing your own report, check for similar trends that your suppliers may notice.Company Background and Information

 

A business credit report should include certain information, such as the name, address, and contact information of the company. It might also include information on its business type, such as the number of employees, industry by NAICS or SIC code, the status of incorporation, sales figures, and key officers. Conduct a careful review of this information to ensure that it is consistent with the records held by your company. If this information should not be consistent, be sure to advise the company concerned and request an explanation.

 

A Word of Caution: Fictitious company names hide the true ownership of a business, so be alert for this kind of detail: it could well be an indication that the company concerned is attempting to conceal information.

 

Legal Issues

 

A business credit report can help you identify new clients who may turn out to be credit risks, or suppliers who may not be reliable, by disclosing legal issues regarding outstanding lawsuits, bankruptcy filings, court judgements and liens. It is true that many companies have at one time or another faced some type of legal proceeding or lawsuit, so it may not necessarily be important that they have a pending lawsuit. However, companies that have experienced bankruptcy proceedings or have liens placed against them should be assessed very seriously.

 

Collection Proceedings

 

Does the company in question have a known history of having accounts sent out for collection or of letting its bills lapse? Question continuous late payments, because they may be the result of disputes over goods and/or services, merchandise or other non-financial issues.

 

The Age of a Company

 

How long has the company in question been in business? Typically, a company that has been operating for many years will be more financially savvy and adept at managing their finances than a young company. A young company could well be a very good credit risk, but their creditworthiness should be researched further. One way of doing this is to check the personal credit reports of the leaders for the company, which should offer insight into how diligent they are about handling accounts.

 

Uniform Commercial Code (UCC) Filings

 

Checking a UCC filings of the company will offer an insight into the leases and liens it has in place. Reviewing this section of the business credit report can offer clues on how credit is used by a company. Let us say this specific company has a high number of trade credit relationships with other businesses, or it has a number of assets being held as collateral on existing loans: this could well mean that the business is financially overextended.

 

Do your research and take all of these factors into account before making the decision to add your own name to the list of creditors of the company.

 

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How To Check Your Company Credit Score

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Why You Should Use a Business Credit Report Service

 

It is irrelevant whether you are just starting out in business, or you own a small business, or perhaps you manage a large business that has been around for many years. In all of these circumstances a business credit report can help you grow your business. A business credit report is crucial when it comes to making financial decisions and ultimately running a financially successful enterprise. In fact, a business credit report is just as important as a personal credit report and, similar to a personal credit report, it can make or break your business.

 

A loan is usually necessary for the growth and development of any business and, for those just starting out in business, borrowing money is vital for the business to function from one day to the next - that is, until the business begins to show a profit. Whether you are approved for a loan could well be determined by the information listed on your business credit report. You will be eligible to receive better loan terms and rates if your business credit is good, so being aware of this and staying on top of your business credit report can be key to the survival of your business .

 

We have conducted a review of the best business credit report services to assist businesses in choosing a company that is capable of providing them with not only a business credit report but additional business credit services as well. In our opinion, Ansonia Credit Data is a top-quality business credit report company.

 

What to Look for in a Business Credit Report

 

Your Business Credit Score is determined the same way as your personal credit score. Your financial information, which includes information from lenders and suppliers, background information and legal filings, all help determine your business credit score. Your personal credit score contains information very similar to a Business Credit Score, however, this information is reported differently: a personal credit score is reported on a scale from 300 to 850; whereas a Business Credit Score is reported from 0 to 100.

 

Generally, business credit report companies do much the same thing: they provide you with a business credit report which enables you to make informed financial decisions regarding your business. In addition, these companies also provide other business credit services, and the following criteria were taken into consideration when reviewing these business credit report companies -

 

Business Credit Report Content

 

The content contained within the business credit report is crucial when it comes to understanding what is affecting your credit score and your overall credit caliber. You should expect your business credit report to detail as much information as possible about the credit of your company. For example, the history and relevant information concerning your company should be included, together with the risk score. Also included should be risk factors, payment information, financial background, financial relationships, collection history and filings, and any inquiries that may have been made about your Business Credit Report.

 

Credit Monitoring

 

Similar to your personal credit score, your business credit score can alter very quickly, which explains why it is so important that you monitor your business credit. A good business credit reporting company will offer a variety of credit monitoring services to help you stay on top of what is showing on your Business Credit Report, in addition to determining if the information included is actually correct.

 

A good business credit reporting company will offer credit monitoring features, like picking up any major changes to your credit or any fraudulent activity, in addition to information regarding enquiries from others about your business credit report.

 

Identity Fraud Prevention

 

Identity fraud is not only a problem that concerns individuals, it is also a problem for businesses. Crucial to protecting your credit score and preventing fraud is the protection of the identity of your business . A good business credit reporting company will offer identity fraud protection services, in addition to offering a business credit report. The services might include educational materials and identity protection that will ensure your business is protected from identity fraud.

 

Business Solutions

 

The best business credit report companies are capable of providing other business solutions to financially assist your business. Such as receivables portfolio management analysis.

 

Help & Support

 

It is very important that you receive help and support when you need it, particularly when it concerns your business credit report. For starters, in order to make correct financial decisions, you need to be able to read and understand exactly what your business credit report says about your business. You should have easy access to your A business credit report company, through email, telephone and an online contact form. In addition, you should have access to pertinent resources such as educational articles, and Frequently Asked Questions.

 

A business credit report will assist you in making smart financial decisions, regardless of the size of your business. Simply understanding what your business credit report contains offers amazing peace of mind when applying for a business loan. Of course, additional business credit report services are extremely advantageous when they offer protection for the identity of your business and assist by monitoring your business credit.

 

 

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Some history on the Freight Brokerage Industry

 

The Logistics and Transportation Industry in the United States

The logistics and transportation industry in the United States is highly competitive. By investing in this sector, multinational firms position themselves to better facilitate the flow of goods throughout the largest consumer market in the world.. International and domestic companies in this industry benefit from a highly skilled workforce and relatively low costs and regulatory burdens.

 

Shipping Port

 

Spending in the U.S. logistics and transportation industry totaled $1.33 trillion in 2012, and represented 8.5 percent of annual gross domestic product (GDP). Analysts expect industry investment to correlate with growth in the U.S. economy.

 

A highly integrated supply chain network in the United States links producers and consumers through multiple transportation modes, including air and express delivery services, freight rail, maritime transport, and truck transport. To serve customers efficiently, multinational and domestic firms provide tailored logistics and transportation solutions that ensure coordinated goods movement from origin to end user through each supply chain network segment. Industry Subsectors

 

Logistics services: This subsector includes inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning, third-party logistics management, and other support services. Logistics services are involved at all levels in the planning and execution of the movement of goods.

 

Air and express delivery services (EDS): Firms offer expedited, time-sensitive, and end-to-end services for documents, small parcels, and high-value items. EDS firms also provide the export infrastructure for many exporters, particularly small and medium-sized businesses that cannot afford to operate their own supply chain.

 

Freight rail: High volumes of heavy cargo and products are transported long distances via the U.S. rail tracking network. Freight rail moves more than 70 percent of the coal, 58 percent of its raw metal ores, and more than 30 percent of its grain for the nation. This subsector accounted for approximately one third of all U.S. exports.

 

Maritime: This subsector includes carriers, seaports, terminals, and labor involved in the movement of cargo and passengers by water. Water transportation carries about 78 percent of U.S. exports by tonnage, via both foreign-flag and U.S.-flag carriers.

 

Trucking: Over-the-road transportation of cargo is provided by motor vehicles over short and medium distances. The American Trucking Associations reports that in 2012, trucks moved 9.4 billion tons of freight, or about 68.5 percent of all freight tonnage transported domestically. Motor carriers collected $642 billion in revenues, or about 81 percent of total revenue earned by all domestic transport modes.

 

Industry Associations:

 

American Association of Port Authorities
American Society of Transportation and Logistics
American Trucking Associations
Association of American Railroads
Council of Supply Chain Management Professionals
Express Delivery and Logistics Association
Industry Publications:

 

American Shipper
Journal of Commerce
Material Handling & Logistics
Transport Intelligence
Transport Topics

 

North American Industry Classification System For Transportation

 

The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air, rail, water, road, and pipeline.

 

The Transportation and Warehousing sector distinguishes three basic types of activities: subsectors for each mode of transportation, a subsector for warehousing and storage, and a subsector for establishments providing support activities for transportation. In addition, there are subsectors for establishments that provide passenger transportation for scenic and sightseeing purposes, postal services, and courier services.

 

A separate subsector for support activities is established in the sector because, first, support activities for transportation are inherently multimodal, such as freight transportation arrangement, or have multimodal aspects. Secondly, there are production process similarities among the support activity industries.

 

One of the support activities identified in the support activity subsector is the routine repair and maintenance of transportation equipment (e.g., aircraft at an airport, railroad rolling stock at a railroad terminal, or ships at a harbor or port facility). Such establishments do not perform complete overhauling or rebuilding of transportation equipment (i.e., periodic restoration of transportation equipment to original design specifications) or transportation equipment conversion (i.e., major modification to systems). An establishment that primarily performs factory (or shipyard) overhauls, rebuilding, or conversions of aircraft, railroad rolling stock, or a ship is classified in Subsector 336, Transportation Equipment Manufacturing according to the type of equipment.

 

Many of the establishments in this sector often operate on networks, with physical facilities, labor forces, and equipment spread over an extensive geographic area.

 

Truck Transportation

 

Industries in the Truck Transportation subsector provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. The subsector is subdivided into general freight trucking and specialized freight trucking. This distinction reflects differences in equipment used, type of load carried, scheduling, terminal, and other networking services. General freight transportation establishments handle a wide variety of general commodities, generally palletized, and transported in a container or van trailer. Specialized freight transportation is the transportation of cargo that, because of size, weight, shape, or other inherent characteristics require specialized equipment for transportation.

 

Each of these industry groups is further subdivided based on distance traveled. Local trucking establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. Long distance trucking establishments carry goods between metropolitan areas.

 

The Specialized Freight Trucking industry group includes a separate industry for Used Household and Office Goods Moving. The household and office goods movers are separated because of the substantial network of establishments that has developed to deal with local and long-distance moving and the associated storage. In this area, the same establishment provides both local and long-distance services, while other specialized freight establishments generally limit their services to either local or long-distance hauling.

 

General Freight Trucking

 

This industry group comprises establishments primarily engaged in providing general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized, and transported in a container or van trailer. The establishments of this industry group provide a combination of the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.

 

General Freight Trucking, Local

 

This industry comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.

 

General Freight Trucking, Long-Distance

 

This industry comprises establishments primarily engaged in providing long-distance general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.

 

General Freight Trucking, Long-Distance, Truckload

 

This U.S. industry comprises establishments primarily engaged in providing long-distance general freight truckload (TL) trucking. These long-distance general freight truckload carrier establishments provide full truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments.

 

General Freight Trucking, Long-Distance, Less Than Truckload

 

This U.S. industry comprises establishments primarily engaged in providing long-distance, general freight, less than truckload (LTL) trucking. LTL carriage is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. These establishments are generally characterized by the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.

 

Specialized Freight Trucking

 

This industry group comprises establishments primarily engaged in providing local or long-distance specialized freight trucking. The establishments of this industry are primarily engaged in the transportation of freight which, because of size, weight, shape, or other inherent characteristics, requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. This industry includes the transportation of used household, institutional, and commercial furniture and equipment.

 

Used Household and Office Goods Moving

 

This industry comprises establishments primarily engaged in providing local or long-distance trucking of used household, used institutional, or used commercial furniture and equipment. Incidental packing and storage activities are often provided by these establishments. Specialized Freight (except Used Goods) Trucking, Local

 

Specialized Freight (except Used Goods) Trucking, Long-Distance

 

This industry comprises establishments primarily engaged in providing long-distance specialized trucking. These establishments provide trucking between metropolitan areas that may cross North American country borders.

 

Freight Broker

 

A freight broker is an individual or company that serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though a freight broker plays an important role in the movement of cargo, the broker doesn't function as a shipper or a carrier. To operate as a freight broker, a business or individual must obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). Freight brokers are required to carry surety bonds as well.

 

Freight broker services are valuable to both shippers and motor carriers. Freight brokers help shippers find reliable carriers that might otherwise be difficult to locate. They assist motor carriers in filling their trucks and earning money for transporting a wide variety of items. For their efforts, freight brokers earn commissions.

 

Freight brokers use their knowledge of the shipping industry and technological resources to help shippers and carriers accomplish their goals. Many companies find the services provided by freight brokers indispensable. In fact, some companies hire brokers to coordinate all of their shipping needs.

 

Often, freight brokers are confused with forwarders. Though a freight forwarder performs some of the same tasks as a freight broker, the two are not the same. A forwarder takes possession of the items being shipped, consolidates smaller shipments, and arranges for the transportation of the consolidated shipments. By contrast, a freight broker never takes possession of items being shipped thus in the absence of negligent entrustment, a freight broker is not normally involved as a party litigant in a cargo claim dispute, although as an accommodation, the freight broker may assist the shipper at their request and expense with filing freight claims.

 

NAICS Index Description

 

484110 Bulk mail truck transportation, contract, local
484110 Container trucking services, local
484110 General freight trucking, local
484110 Motor freight carrier, general, local
484110 Transfer (trucking) services, general freight, local
484110 Trucking, general freight, local
484121 Bulk mail truck transportation, contract, long-distance (TL)
484121 Container trucking services, long-distance (TL)
484121 General freight trucking, long-distance, truckload (TL)
484121 Motor freight carrier, general, long-distance, truckload (TL)
484121 Trucking, general freight, long-distance, truckload (TL)
484122 General freight trucking, long-distance, less-than-truckload (LTL)
484122 LTL (less-than-truckload) long-distance freight trucking
484122 Motor freight carrier, general, long-distance, less-than-truckload (LTL)
484122 Trucking, general freight, long-distance, less-than-truckload (LTL)
484210 Furniture moving, used
484210 Motor freight carrier, used household goods
484210 Trucking used household, office, or institutional furniture and equipment
484210 Used household and office goods moving
484210 Van lines, moving and storage services
484220 Agricultural products trucking, local
484220 Automobile carrier trucking, local
484220 Boat hauling, truck, local
484220 Bulk liquids trucking, local
484220 Coal hauling, truck, local
484220 Dry bulk trucking (except garbage collection, garbage hauling), local
484220 Dump trucking (e.g., gravel, sand, top soil)
484220 Farm products hauling, local
484220 Flatbed trucking, local
484220 Grain hauling, local
484220 Gravel hauling, local
484220 Livestock trucking, local
484220 Log hauling, local
484220 Milk hauling, local
484220 Mobile home towing services, local
484220 Refrigerated products trucking, local
484220 Rubbish hauling without collection or disposal, truck, local
484220 Sand hauling, local
484220 Tanker trucking (e.g., chemical, juice, milk, petroleum), local
484220 Top-soil hauling, local
484220 Tracked vehicle freight transportation, local
484220 Trucking, specialized freight (except used goods), local
484230 Automobile carrier trucking, long-distance
484230 Boat hauling, truck, long-distance
484230 Bulk liquids trucking, long-distance
484230 Dry bulk carrier, truck, long-distance
484230 Farm products trucking, long-distance
484230 Flatbed trucking, long-distance
484230 Forest products trucking, long-distance
484230 Grain hauling, long-distance
484230 Gravel hauling, long-distance
484230 Livestock trucking, long-distance
484230 Log hauling, long-distance
484230 Mobile home towing services, long-distance
484230 Radioactive waste hauling, long-distance
484230 Recyclable material hauling, long-distance
484230 Refrigerated products trucking, long-distance
484230 Refuse hauling, long-distance
484230 Rubbish hauling without collection or disposal, truck, long-distance
484230 Sand hauling, long-distance
484230 Tanker trucking (e.g., chemical, juice, milk, petroleum), long-distance
484230 Tracked vehicle freight transportation, long-distance
484230 Trash hauling, long-distance
484230 Trucking, specialized freight (except used goods), long-distance
484230 Waste hauling, hazardous, long-distance
484230 Waste hauling, nonhazardous, long-distance