Take Control of Risks with a Credit Reporting Service
It’s important for a company to stay on top of a buyer’s payment capacity and the financial standing of other business partners. It’s especially important to ensure that payments for sales are received on time and, when necessary, that collection procedures run smoothly. Getting started with the service is now easy, with no separate agreement required. The Intrum credit information service is available directly through eFina with no setup or monthly fees — you only pay a per-report charge for the reports you download.
Intrum Credit Information Services
Report options available through the credit information service:
- Payment Behavior Report €3.60/pc
- Quick Credit Recommendation €9/pc
- Quick Credit Recommendation Plus €17/pc
With the Payment Behavior Report, you can check whether a company pays its invoices late. You’ll see detailed information on Intrum’s payment delays (collection invoices) and know whether it’s safe to sell to the company on invoice terms.
With the Quick Credit Recommendation, you get an overall picture of the company’s payment behavior along with a lending recommendation. You’ll see detailed information on Intrum’s payment delays (collection invoices), public payment default records, and the company’s responsible persons and those with signing rights.
The Quick Credit Recommendation Plus provides a comprehensive assessment of the company’s creditworthiness and financial position. You receive a credit rating (AAA, AA, A, B, C) and a maximum credit limit (€) for lending.
Why Is Checking Credit Information Important?
Checking credit information is an essential part of responsible credit practices. From time to time, both companies and private individuals may run into payment difficulties, such as delayed payments or unpaid invoices. Key reasons to make sure you check credit information include:
Prevent credit losses – Spot customers’ payment difficulties early and avoid financial losses.
Protect your cash flow – Ensure your company receives payments on time and avoid cash shortfalls.
Set the right payment terms – Tailor payment terms to a customer’s ability to pay and manage risk effectively.
Reduce the need for collections and reminders – Proactive use of credit information reduces payment defaults and collection costs.
Make growing your business safer and easier – You can make informed decisions about new customers and business partners.
Take Control of Risks Today
Using credit information services is a key part of a company’s risk management and ensuring profitability. They allow you to assess the payment capacity and creditworthiness of both existing and new customers, helping you make informed decisions about granting credit or payment terms. This is important because customers’ payment capacity can vary significantly over time.
A clear process for checking credit information helps prevent credit losses, since it allows you to identify high-risk customers before extending credit to them.
Watch the video to see how the credit information service works in the eFina system.
Watch a video (in Finnish)