- by Patrick Cooney on 15/06/2021

Protect Profits By 'Risk Auditing' The Companies You Deal With

Making confident business decisions while actively reducing risk can be hard to manage, especially in a more uncertain economy. With so many companies now active in Ireland - over 270,000, it can be hard to stay up to date with all your customers and suppliers e.g. a company's status changing from normal to 'in liquidation', a large change in it's financials or even a judgement registered to the company. For this reason it is always important to be pro-active in your company's risk assessment.

In tough times pro-active risk assessment can often protect profits. To save you the time and hassle of freshly checking existing customers, CRIFVision-net have developed a unique new service - 'Risk Audit'.

RiskAudit from CRIFVision-net

Risk Audit gives you a full export of your CRIFVision-net monitoring list covering the latest status, credit ratings, financials and bad debt judgments of all companies on your ledger. Giving you an accurate and live picture of the health of all companies that matter most to you. Enabling you to better manage your business in order to make better decisions and actively reduce risk for your company saving both time and money.

Using 70+ data points from Customer, Risk and Financial Data, Risk Audit allows you to spot at a glance companies:

  • Who are now high risk and as a result you might want to review credit terms.
  • Whose status has changed, entered liquidation, become dissolved or had a recent bad debt judgment registered against them.
  • Who have low resilience factors like poor cash reserves, net worth, and liquidity.
  • Who are operating in more impacted industries.

Not only this but with Risk Audit you can uncover the companies who have a strong financial position too, so you can develop stronger relations with healthier companies.

Deliverables

The Risk Audit is delivered to you in text or excel format with official company numbers which you can view as is, or upload it into your CRM or accounts system to further inform your teams.

Choose to receive all 70+ data points to have a deep look into your portfolio or decide on only the data you want for a more customised view. Take a look at all the data we offer in the Risk Audit by clicking here.

If you would like to benefit from Risk Audit or would like more information get in touch!

Email: info.vision-net@crif.com

Phone: 01 903 2660

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