commercial credit reports

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.
commercial credit reports

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.



ansoniaphonelines

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.


ansoniarule

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
ansoniareportfloat

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.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


How To Get Business Credit Reports 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 http://Ansoniacreditdata.Com/

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

Receivable Portfolio Management Analysis

 

The only way to successfully manage any process is by controlling and measuring that process. When it comes to managing the credit process, the credit executive of today must analyze the entire receivables portfolio, which is well beyond traditional customer analysis. This stands true for both the management of the accounts receivable portfolio as well as the production of any goods or services.

 

Today we still see many firms focusing solely on the number of customers they serve, and while this is certainly an important aspect of operations planning, they are not giving enough attention to the risk and profitability associated with each group of their customers.

 

Measuring the Most Important Asset of a Company

 

We can measure the performance of the most important asset (its customers) of a company along several dimensions by simply applying the concept of Portfolio Analysis to the accounts receivable of a company.

 

We know that photographers and such will often prepare a portfolio of their work to show to prospective employers or purchasers. This term, portfolio, can also be used to describe loans advanced by a bank or the collection of financial instruments held by an investor. When referring to financial services, the challenge with Receivables Portfolio Analysis is to categorize the mix of investments appropriate to the resources of the company, needs, and risk preference. The contents of this portfolio should alter over time, in direct response to changes in customer preferences or the performance of individual portfolio elements.

 

Using Accounts Receivable Portfolio Analysis to Understand the Risk Exposure of a Company

 

At any point in time a credit professional will be able to understand the exposure to risk of the company by using Receivable Portfolio Analysis in order to analyze the accounts receivable. This analysis helps determine what types of customers the company should be seeking to serve, and which business segments are the best fit for both the capabilities and the mission of the organization. When determining which markets the company should serve, this service provides invaluable information that can be used for that organization.

 

Receivable Portfolio Analysis is simply a great planning system: it provides information that can be used when making strategic business decisions, helping to both minimize bad debt and maximize long term earnings growth. Besides encouraging the management of the firm to appraise their business along many dimensions on an aggregate basis, while management is planning for growth, it specifically raises the issue of cash flow implications. Portfolio Analysis offers management the proper tools for evaluating each business segment in the context of both its unique contribution to the goals of the company as a whole, and its environment.

 

Evaluating the Potential Value of Your Customers to Your Business

 

Receivable Portfolio Analysis addresses the very important issue of the potential value of a particular customer to a company. There are two variables to this value: the first variable is the potential for generating attractive earnings levels right now, and the second variable is the potential for growth in the future; meaning significantly increased earnings levels.

 

The management of any organization needs to understand their current set of customers, and how promising they are with respect to long term return in addition to understanding which customers should be developed and which should be liquidated. Using the approach of Portfolio Analysis, management can simultaneously compare different customers, thus leading to a targeted marketing focus. The importance of risk management and cash flow as strategic variables are also underlined.

 

Receivable Portfolio Level Decisions Means Looking at the WHOLE Picture

 

One of the primary responsibilities of a credit executive is to control the credit risk of an accounts receivable asset. The process of risk management is to judge individual firms and assess both the opportunity and the risk associated with those firms: it also includes the establishment of credit lines and terms, and carefully monitoring customer relationships for the mutual benefit of both the organization and the customer.

 

Determining the risk preference of a firm means working out how much risk it is prepared to take when granting credit to its customers. Classifying customers on a multilevel scale offers a comprehensive approach to risk management: excellent customers are placed at one end of the spectrum, with marginal customers at the other end. The marginal customers of a firm would be placed under review more frequently than customers considered to be excellent or good accounts; which means that more emphasis would be placed on those accounts that require attention. These one-at-a-time evaluations are known as transaction-level decisions.

 

The credit manager is also responsible for establishing the collections and credit policies of the firm: these will be general courses of action developed for recurring situations. Their aim will be to achieve established objectives within the credit function, with these rules being applied across a broad group of customers. Establishing and defining effective collection and credit policies are considered to be portfolio-level decisions; decisions that involve taking a step back to look at the whole situation, not just the daily examination of individual customers.

 

The Disadvantages of Not Having an Established Credit PolicyWhen a firm has no established credit policy it means that each and every credit decision stands alone and that each person within the firm who is responsible for credit decision-making will be operating in isolation. With no established protocol, there is no way of learning from the collective experience of a group or the acquired judgment of the most experienced members of the credit team . Alternatively, a well implemented and consistent policy ensures that the same errors are not repeated over and over again and that valuable resources are not wasted on decisions that could well be quickly made on the basis of documented experience.

 

Having a well thought-out policy allows a firm to systematize and apply its principles. And, over time, refining the credit policy allows for the firm to adapt to changing markets and conditions. The collection policies of the firm also need to evolve, and these will be based on the changes in the composition of active customers and their payment performance. All successful credit professionals understand that both these decisions are made in tandem and that over time they reinforce each other

 

The Duties of a Credit ManagerFor a Credit Manager to be effective at managing the risk and opportunity of the customer base of a firm , it is very important that both are done well. One could compare these tasks to those of the General Manager of a business who is required to make both strategic and tactical decisions - both of these decisions are equally important and, in order to be reductive, they must work together. However, the focus of many credit professionals is heavily weighted towards the day-to-day transaction-level decisions, leaving the development of important skills and resources required to improve portfolio decisions to an unsatisfactorily low priority.

 


You Can Find More Information at http://Ansoniacreditdata.Com/

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



 

Why Your Business Credit Reports Need Transparency

Transparency is one of the most important components of a reliable and accurate business credit report.

What is transparency in the terms of credit reports? In short, it means that the business credit bureau is not padding their reports to make it appear that their data is better than it really is. For example, a transparent business credit report is very clear about how current the credit data it contains is.When you review the credit report of a company you should have no question that the information it contains is up to date, be able to tell how the company pays specific industries and see a month by month breakdown of the data.

3 Components of a Transparent Business Credit Report

Does the report provide the most current information?

The cash flow situations of a business can change overnight so it is important that you are looking at the freshest data available. For example, if a business recently lost a major customer, they will likely start having difficulty paying their bills. If the credit data you are using is not current, you are making a decision based off of information that may no longer be relevant.

It is vital that your business credit bureau shows how current their data is. Without this transparency, there is no way for you to know whether the credit information is 2 months or 2 years old.

The best way to know whether or not the information you are looking at is current is to know what month the information was reported to the bureau. This is most easily seen in a month by month breakdown, where the number of contributors reporting that month is shown. If your current business credit reports show aggregated data, or do not show when the data was reported, how can you know whether or not the information is current or outdated?

How does the company pay my industry?

There are always some products and services that a business cannot function without. Since these vendors provide something that is essential to the operations of the business, the company will usually pay them first.For example, a trucking company will likely pay its fuel provider before anyone else. How can they move their trucks without fuel? A restaurant will probably pay the food distributor before they pay anyone else. How can they feed their customers without food?

There are many industries that payment for a certain good or service demands a higher priority than others. Knowing how a company pays specific industries is therefore vital.Imagine you are an electrical manufacturer who produces commercial lighting. If you are considering extending credit to a trucking company, would you rather know how they pay fuel companies or other electrical manufacturers?

A transparent credit report will always show you an industry breakdown. In this, you should be able to see how many companies, within that industry, are reporting and how they are being paid.Without this information, it is almost impossible to know how a company prioritizes their payments.

Is it a single trade line or a month by month breakdown?

It is extremely important to see how a company pays their bills month over month. With a month by month breakdown, you are able to predict their future payment trends. For example, if you look at the credit report of a the company and see that over the past 4 months, their days to pay have gone from 31 to 33 to 36 to 41, you can likely deduce that for whatever reason, they are having trouble paying their bills on time. Such a payment trend should factor into your decision of extending the company credit. Take a look at the graph below. Over the past 6 months, the company's days to pay haveconsistently increased (from roughly 40 days to pay to 70). If you saw the trend in the graph below, would you extend credit to this company?In addition, many companies experience some seasonality and these seasonal changes can cause drastic ebbs and flows in their revenue. They may pay their bills on time when they're busy and fall behind when they are not. By reviewing their monthly payment history, you will be able to determine if they experience any seasonality.

A reliable and transparent business credit report can greatly increase your chances of getting paid. Be sure that your reports have current, industry specific and consistent data.

 


You Can Find More Information at http://Ansoniacreditdata.Com/

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

 

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

 

Company Name:  HOME DEPOT INC, THE

Street Address: 2455 PACES FERRY RD SE

City: ATLANTA

State/Province/Other: Georgia

Zip: 30339

Country: United States, U.S., US

Phone: 202-727-5298

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 HOME DEPOT INC, THE pays their bills?

Call Us Today to Get Your Complete Business Credit Report
For HOME DEPOT INC, THE at: 1-855-267-6642

 

 

Company Name:  MARTEN TRANSPORT LTD

Street Address: 129 MARTEN ST

City: MONDOVI

State/Province/Other: Wisconsin

Zip: 54755

Country: United States, U.S., US

Phone: 757-305-1708

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 MARTEN TRANSPORT LTD pays their bills?

Call Us Today to Get Your Complete Business Credit Report
For MARTEN TRANSPORT LTD at: 1-855-267-6642

 

Company Name:  JB HUNT TRANSPORT INC

Street Address: PO BOX 1745

City: LOWELL

State/Province/Other: Arkansas

Zip: 72745

Country: United States, U.S., US

Phone: 310-468-7484

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 JB HUNT TRANSPORT INC pays their bills?

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

 

Company Name:  WAL MART STORES INC

Street Address: PO BOX 24731

City: NAPERVILLE

State/Province/Other: Illinois

Zip: 33416

Country: United States, U.S., US

Phone: 443-360-9062

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 WAL MART STORES INC pays their bills?

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



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