freight broker industry business credit reporting

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 broker firms 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.



freight broker industry business credit reporting

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 broker firms credit reports

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
freight broker industry business credit reporting

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 Broker Industry Business Credit Scores Articles

 

5 Tips for Improved Accounts Receivable Analysis

Here are 5 tips to improve your process today.

1) Stay on Top of Things

Stay vigilant and keep on in front of your accounts.

Accounts receivable analysis is something that should be done on a constant basis taking into consideration that the tides can turn quickly with a debtor that might be over-extended or affected by seasonality or industry.

Protect the bottom line of your company bottom line with automated credit monitoring tools and set up alerts to notify you of significant changes in a debtor account and behavior.

By regularly monitoring significant events like bankruptcy, fraud, judgments, or slow payments; you can start solving problems proactively before things get out of control.

2) Screen your Business Accounts

Obtain up-to-date business credit reports on your debtors before extending credit or authorizing additional transactions.This will help minimize or prevent collection and legal issues before they even start. Screening potential clients will help identify high credit risk accounts before you can get burned. Yeah, easier said than done, right? Obtaining updated reports on all of your debtors could give you hundreds of extra reports to read every week, further bogging down the credit approval and review system.

The answer is to have the credit information of your debtors and trending updates provided by a push technology through a vetted accounts receivable management software.

3) Know your Limits

No one on the outside will understand your business as well as you do. Define your own limits for allowable account size and days to pay.While there are of course industry standards, these might not pertain to your business. Depending on your industry you may require shorter terms therefore increasing your cash-flow, or your customers may require extended terms for which you have made concessions.

Define special criteria to make the most of loyal customers and prevent bad credit risks from going too far. If using automated monitoring, make sure you can set custom filters to set custom filters to match your threshold.

4) Share the Responsibility

It is easier said than done, but delegate different analysis tasks to different employees.

Analyze your accounts for your important notification events, and have more than one person on the receiving end of the reports. Not only will this save you time in accounts receivable analysis, but it will provide an extra few sets of eyes to catch any potential problems. Additionally, this is a great way to spread responsibility for vacation and sick days, making sure your assets are always monitored.

Remember, sharing is caring.

5) Use a Customizable Report

Utilizing an accounts receivable management report can provide you with the analytics and overview you need for a quick and effective review of your risk saving both time and money in identifying potential issues.

This reporting should show not only your trending experiences, but also compare to the industry and creditors experiences.

When looking for ways to improve your accounts receivable analysis, remember these tips to keep your cash flowing. Automatically monitor credit events to identify potential problems before they can get exponentially bigger. Screen your debtors to identify potential problems with an aggregate system to identify poor credit risks before business begins. Set custom account limits that work for your business needs, not arbitrary guidelines based out of text book. Add an extra set of eyes to the reporting process by sending notifications to different department personnel. Lastly, use an accounts receivable management software to improve timely identification of debtor trends and flags.

 


You Can Find More Information at Busines Credit Report at Ansoniacreditdata.com/

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

Debt Recovery Strategies You Should Use Before Turning to Receivable Management Services

Anyone who has been in the credit industry knows that no matter how much research you do or how strong your accounts receivable management skills are, inevitably, you will have trouble collecting on some receivables. Receivable management services and collection agencies specialize in dealing with these difficult accounts, but how do you know when it is time to turn to one? In most cases, they are a last resort; a final effort to collect on an bill. There are numerous debt recovery strategies you can (and should) attempt before turning over the account. Most require minimal effort and many times will get you paid. Below are five strategies increading in severity from 1 to 5.

5 Debt Recovery Strategies Before You Turn to Receivables Management Services

It should be noted that if you are consistently turning to collections, you might not be using the best business credit tools (or may not be looking for the right bad debt warning signs.)

1) Call and leave voicemail... tactfully

Be proactive. Call customers as soon as payments are overdue. Just remember that if you start the conversation by shouting, you do not leave yourself any room to get louder. Start with a professional and polite tone. This will prevent you from angering your customer, which is the last thing you want. Angry customers are exponentially harder to collect from. It also allows you to escalate in urgency if they do not pay. Some key points to keep in mind:

  • First calls should be polite reminders; assume that a mere oversight led to the missed deadline. Do not include overly negative information in voicemails. Why? First, you do not know who will listen to them, and second, negative voicemails can come off as harassment.

  • Call daily or as you see fit, but leave only one voicemail per day.

    2) Send a past due invoice

    Mailing a physical statement makes the situation more of a reality for many customers.

    With your invoice, notify the customer that your company reports all past due balances to a business credit bureau. Not only is it best to be transparent about your business credit reporting procedures, but mentioning the credit bureau often significantly speeds up payment. Why? Imagine you are having trouble paying your bills and have 2 past due invoices. You know that one company is making your debt public information (on your business credit report) and the other is not.

    Which would you pay first?

    3) Post an alert on their business credit report

    When it appears that the customer knows about the situation, and that the debt is consciously going unpaid, your next step is to post an alert on the business credit report of your customer. This will do several things:

  • Heighten urgency

  • Make it harder for them to secure new creditors

  • Demonstrate that you will take all necessary steps to collect the debt

    Posting an alert on their report can be considered a more serious version of step #2 above. The same logic of making their debt public applies, just to a greater degree.

    4) Send a formal letter

    Here you should clearly outline what your next actions will be. Two common next steps to include in your letter are that you plan to turn the account over to a collections agency and/or discontinue service (if applicable).

    You have two choices in sending the letter.

    1. Send the letter yourself

    2. Hire a third party, such as a collection agency, to send the letter for you

    Whichever you choose, a formal letter, with the threat of a receivable management service company or collection agency shows the customer you would not stop until you receive payment.

    5) Discontinue services

    If you have not already, you should stop shipments and cancel current or future services.

    Final Step: Turn the account over to a company specializing in receivable management services

    When the customer has proven an unwillingness to pay and you cannot expect the business relationship to continue, a collection agency should handle the remaining attempts to collect the debt.

    Your business has more pressing concerns to take care of in-house, and outside receivable management services can more efficiently deliver at least partial payment.

    Proper credit due diligence will weed out most bad customers. In the unfortunate situation that a customer is not paying, these debt recovery tactics serve to nudge the customer toward payment, and can greatly increase your chances of collecting on a debt.

     


    You Can Find More Information at Busines Credit Report at Ansoniacreditdata.com/

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



     

  • The Many Benefits of Automating Accounts Receivable

     

    For any business, whether large or small, receivables are the lifeblood of the business; which means that the Accounts Receivable process is a critical function of daily operations of any business. Yet still we see companies overlooking the opportunity to significantly improve the efficiency, the cost, and overall effectiveness of their Accounts Receivable process.

     

    Accounts receivable automation technology works very effectively in streamlining every step of the process ??? from purchase order receipts to payment reconciliation. There are many, many benefits associated with automating the Accounts Receivable process to help speed cash to the bottom line, lower Days Sales Outstanding, optimize working capital, and improve the entire experience of the customer. Companies can expect to reap the following benefits by automating their Accounts Receivable process:

     

    Improved Accounts Receivable Efficiency

     

    Automation of Accounts Receivable accelerates payments and improves efficiency by:

     

    Facilitating dispute resolutions;
    Reducing the number of incoming inquiries;
    Hosting all invoices and supporting documents in one central location for fast and easy access;
    Sending message alerts to increase prompt payments; and
    Providing easy payment options, plus auto reconciliation.

     

    With the elimination of bank fees, improving visibility and reporting, reducing the manual allocation of payments, and allocating cash more quickly, Accounts Receivable solutions boost productivity, deliver efficiency, and provide suppliers with the highest level of service. Simply by removing non-value-added manual processes, automating Accounts Receivables will improve worker efficiency, thus allowing Accounts Receivable specialists to dedicate more time focusing on value-added tasks.

     

    Reduced Invoice Enquiries

     

    It is simply a waste of valuable time reproducing then resending misplaced or lost invoices, and invoice disputes are an unnecessary annoyance and time-waster for both the Accounts Payable and Accounts Receivable departments. Automating Accounts Receivable alleviates invoice disputes and enquiries by providing a simple to use invoice portal whereby users can receive and pay their invoices online. When it comes to invoice disputes, there are metrics available to address the system weaknesses and identify the root causes that are often the cause of disputes. There is an immediate productivity boost when invoice inquiries and disputes are so drastically reduced.

     

    Reduced ???Days Sales Outstanding

     

    The leading cause of payment delays are invoice errors, so once an Accounts Receivable solution has been implemented there will be a dramatic increase in balance sheet cash. The Accounts Receivable solution will quickly identify invoice errors, facilitate collaboration and fast invoice dispute resolutions; thus allowing organizations to accelerate cycle speed and reduce Days Sales Outstanding.

     

    The benefit of automating Accounts Receivable is that received payments are quickly and accurately allocated: this results in a reduction in cycle time and reduces Days Sales Outstanding by up to 20%.

     

    Increased Working Capital

     

    We know that error prone and inefficient Accounts Receivable processes slow operations, while automating Accounts Receivable accelerates payment collection - which means unlocking working capital. Utilizing an end to end automation solution for Accounts Receivable can hasten the invoice-to-payment cycle, improving working capital by up to 11 days.

     

    Improved Customer Experience

     

    The overall customer experience is enhanced with Accounts Receivable automation by offering customers self-service options, such as accessing the information they need, when they need it. These automated solutions provide a 24/7 one stop shop for all invoices and their supporting documents. Friendly reminders and updates are issued when invoices are due, which reduces the need for follow-ups and ensures on time payments. Customers also have the option of automating payments and selecting a convenient payment type.

     

    In the business environment of today it is vital that working capital is controlled and optimized, and the management of Accounts Receivable can make or break that success. More businesses are now coming on board and turning to Accounts Receivable automation solutions to reap the many benefits. Some of these benefits include:

     

    Creating greater efficiencies;
    Increasing profitability;
    Accelerating cash;
    Enhancing customers experience; and
    Providing management of Accounts Receivable departments with important decision-making information.

     

    Benchmarking and KPIs (Key Performance Indicators) are vitally important tools for the successful operation of Accounts Receivables. Having real time access to the accounts receivable portfolio provides Accounts Receivable management with immediate decision-making information, and improves transparency.

     

     


    You Can Find More Information at Busines Credit Report at Ansoniacreditdata.com/

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

     

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

     

    Company Name:  US XPRESS INC

    Street Address: 5701 LAKE WRIGHT DR

    City: CHATTANOOGA

    State/Province/Other: Tennessee

    Zip: 23502

    Country: United States, U.S., US

    Phone: 301-952-4827

    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 US XPRESS INC pays their bills?

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

     

     

    Company Name:  POINTIAC FUM

    Street Address: GM FSS ABP

    City: EL PASO

    State/Province/Other: Texas

    Zip: 79998

    Country: United States, U.S., US

    Phone: 417-521-3263

    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 POINTIAC FUM pays their bills?

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

     

    Company Name:  INTERNATIONAL PAPER CO

    Street Address: 6400 POPLAR AVE

    City: MEMPHIS

    State/Province/Other: Tennessee

    Zip: 38197

    Country: United States, U.S., US

    Phone: 336-658-2196

    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 INTERNATIONAL PAPER CO pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For INTERNATIONAL PAPER CO at: 1-855-267-6642

     

    Company Name:  K LINE TOTAL LOGISTICS LLC

    Street Address: 8730 STONY PT PKWY STE 400

    City: RICHMOND

    State/Province/Other: Virginia

    Zip: 23235

    Country: United States, U.S., US

    Phone: 804-327-3181

    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 K LINE TOTAL LOGISTICS LLC pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For K LINE TOTAL LOGISTICS LLC at: 1-855-267-6642



    Youtube Videos
    Freight Broker Industry Business Credit Scores
     

    Where to get freight broker industry business credit scores
     
    Freight Broker Industry
    2108 Caton Way SW
    Washington
    USA
    1-855-267-6642

     

    Customized reports for the freight broker industry business credit scores with unique information that other business credit reporting companies do not have.

    Ansonia Credit Data and archeck.us

     

     

     

     

    How To Check Company Credit History

    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 My Company Credit Score

    "

    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.

     

    "

     

     

    What Do Business Credit Reports Contain

    "

    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.

     

     

    "

     

     

    Some information for the Freight Broker 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