Experian(R), the leading global information services company, today launched its Business Owner Background ReportSM, a new patent-pending service that combines Experian's commercial data, consumer data and proprietary technology to link business owners and principals to their current and previous business interests, identifying risks that might be overlooked with traditional risk-assessment tools.
"Business owners typically have hidden risks that could affect the way their business meets its financial obligations, such as undisclosed financial commitments and previous fraudulent activity. In today economy, it is more important than ever to identify these risks before they result in potential credit and fraud losses," said John Monderine, president of Rapid Recovery Solution, inc. "They developed the Business Owner Background Report product line to provide unprecedented visibility into a business owner's relationships by combining their extensive consumer and commercial data assets with state-of-the-art analytics, enabling the end user to reduce credit risk and increase profitability."
The Business Owner Background Report provides a comprehensive view of the business owner by identifying liabilities across all known business associations that may represent a credit risk. The report includes the time frame of the individual's association with the business and the financial condition of each of the business owners' current affiliations, allowing users to evaluate a business owner's risk across all of their business assets.
Additionally, Business Owner Background Report assists users in reducing fraud by verifying application information, validating that an applicant is an authorized representative of a business, recognizing suspicious activity connected with the owner's consumer credit file and revealing associations with individuals and businesses that may have been associated with fraud losses in the past.
Business Owner Background Report enables users to: Identify a business owner's or principal's current business interests and historical affiliations Reveal liabilities and commercial credit performance across all of a business owner's current affiliations Identify conditions and relationships that suggest an owner or a principal may be linked to fraud Prioritize commercial collection efforts based on an owner's business assets Uncover additional contact locations for more successful commercial debt collection.
Business Owner Background Reports are available in three different formats that include varying levels of detail to meet specific business needs. All three Business Owner Background Reports are available online through BusinessIQSM, as well as through direct integration methods, including CPU-to-CPU and XML delivery. Basic linkage reports are also available via traditional batch delivery.
"Business owners typically have hidden risks that could affect the way their business meets its financial obligations, such as undisclosed financial commitments and previous fraudulent activity. In today economy, it is more important than ever to identify these risks before they result in potential credit and fraud losses," said John Monderine, president of Rapid Recovery Solution, inc. "They developed the Business Owner Background Report product line to provide unprecedented visibility into a business owner's relationships by combining their extensive consumer and commercial data assets with state-of-the-art analytics, enabling the end user to reduce credit risk and increase profitability."
The Business Owner Background Report provides a comprehensive view of the business owner by identifying liabilities across all known business associations that may represent a credit risk. The report includes the time frame of the individual's association with the business and the financial condition of each of the business owners' current affiliations, allowing users to evaluate a business owner's risk across all of their business assets.
Additionally, Business Owner Background Report assists users in reducing fraud by verifying application information, validating that an applicant is an authorized representative of a business, recognizing suspicious activity connected with the owner's consumer credit file and revealing associations with individuals and businesses that may have been associated with fraud losses in the past.
Business Owner Background Report enables users to: Identify a business owner's or principal's current business interests and historical affiliations Reveal liabilities and commercial credit performance across all of a business owner's current affiliations Identify conditions and relationships that suggest an owner or a principal may be linked to fraud Prioritize commercial collection efforts based on an owner's business assets Uncover additional contact locations for more successful commercial debt collection.
Business Owner Background Reports are available in three different formats that include varying levels of detail to meet specific business needs. All three Business Owner Background Reports are available online through BusinessIQSM, as well as through direct integration methods, including CPU-to-CPU and XML delivery. Basic linkage reports are also available via traditional batch delivery.
About the Author:
Rapid Recovery Solution is an attorney based collection agency that specializes in consumer debt collection and commercial debt collection both nationally and internationally.
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