Business credit monitoring has been a powerful tool for credit managers for years, but minimums have kept some companies out of the game. Now we have made account monitoring accessible and affordable to small businesses, enabling them to monitor as many or as few businesses they want at a low cost with no minimums.
Business Credit Reports Inc., the largest independent provider of business credit information, has added Lifetime Monitoring to its list of small business services, enabling companies to monitor their customers’ credit profiles indefinitely for only $5.00 per account per year.
Credit monitoring is a key tool in managing risks and maximizing revenue. Often, being the first to know about financial distress can help creditors ensure collection of their assets from distressed accounts. The converse is also true.