360-Degree Business View

July 12, 2007
Web-based tool enables users to access credit reports and more.

Knowing a supplier's business history (dirty little secrets and all) can give a purchasing manager an edge when it comes to deciding what company should win procurement dollars.

For instance, if a supplier has liens filed against it or is notorious for slow payments, the likelihood that the supplier will provide slow delivery is pretty good.

Enter the Credit Risk Advisor from Experian, an information services company, and eCredit, a provider of online solutions for credit and collections professionals. Credit Risk Advisor is a portfolio management credit decision-making tool that enables users to access credit scores, payment history, notes and approved credit limits for all businesses in the United States.

"From a manufacturer's perspective, it's only a matter of time before they start experiencing what others are dealing with," says Dan Meder, senior director of Commercial Credit Solutions, Experian's Business Information Solutions group.

According to Chris Hobson, chief marketing officer for eCredit, many businesses pull reports on a company at a single point in time and feel that they've adequately done their due diligence. "That information is stale. Other things could have changed over time," says Hobson.

The new service, which is Web-based, also will evaluate account portfolios using automated customer-defined rules and will aid in the immediate identification of unwarranted credit exposures before significant problems arise, according to the companies.

See Also

Popular Sponsored Recommendations

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

The Executive Guide to Best Practices for Ecommerce Integration

Oct. 2, 2023
Get ready to elevate your post-checkout experiences and thrive in today's unpredictable market. Learn why integration and automation are crucial to run operations more smoothly...

Disruptive EV Technologies Are Driving New Supplier Realities

Sept. 20, 2023
Vehicle electrification is upending the automotive landscape, forcing suppliers to make critical strategic and operational decisions. Understand what that means for you in our...

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!