Experian BusinessIQPremier Profilebci2experian.com/...Profile-Client-Presentation.pdf · Commercial...
Transcript of Experian BusinessIQPremier Profilebci2experian.com/...Profile-Client-Presentation.pdf · Commercial...
Experian BusinessIQ Premier ProfileSM
© 2011 Experian Information Solutions, Inc. All rights reserved. Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the trademarks of their respective owners. No part of this copyrighted work may be reproduced, modified,or distributed in any form or manner without the prior written permission of Experian. Experian Public.
BusinessIQ Premier ProfileSM
Comprehensive business report that facilitates better decision making by supplying critical i f ti d d finformation needed for
Accessing credit risk
Performing background checks g g
Combines credit risk, fraud checks and company background into a single report
Quick glimpse views visually direct your focusQuick glimpse views visually direct your focus to key information needed for business decisions
Comprehensive details so you can quickly and precisely determine the creditworthiness of a business
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Quick glimpse views
Riskdashboard
Highlights potential risk tied to payment behavior, legal filings, and fraud
dashboard Color coded to help highlight areas of higher risk
Commercial Provides a series of checks to screen for potential i di t f f d l t ti itCommercial
Fraud ShieldSM indicators of fraudulent activityInclude OFAC, victim and inconsistencies checks
Predicts the likelihood of seriously derogatory paymentRisk scorecurrent & quarterly
Predicts the likelihood of seriously derogatory payment within the next 12 monthsProvides insight into score history over past 12 months
Credit limit recommendation
Provides a guide to help set or adjust a credit limitCredit line is based on trade information, industry, age of business and the Intelliscore PlusSM score
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Comprehensive details
Trade payment details along with monthly and quarterly trending
Collection accounts
Bankruptcy, tax liens and judgments
E t i b k d lExtensive background on large businesses and corporate financial statements provided for publicly traded companies
Corporate linkage detail to help assess a business's overall risk and structure
Data returned from BizSourceSM, Experian�s industry leading commercial database
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Commercial Fraud ShieldSM deliveryBusinessIQ Premier ProfileSM exclusiveBusinessIQ Premier Profile exclusive
First line of defense that allows users to recognize warning signs of potential fraud
Key fraud alerts always display to create paper trail for �know your customer� and red flag requirements
Active business indicator
Possible OFAC Match
Business victim statement
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Commercial Fraud ShieldSM
Solutions overview
18 high-risk characteristic indicators.
Solutions overview
High-riskbehaviors OFACAddresses and
Tax IDs
Identifies whether the business is currently active
Checks the business name and address against the OFAC list
Indicates if the address is vacant, residential, or if the applicant�s address is different Indentifies if
the business is a previous victim of fraud
address is different from the onfile address
Checks for inconsistencies with of fraudinconsistencies with the business name and tax ID number
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BusinessIQ Premier ProfileSM
Deeper dive
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BusinessIQ Premier ProfileSM
Identifying informationIdentifying information
Identifying information Verified legal nameIdentifying information
Key identifying information �includes Experian�s Business Identification Number
Verified legal name
Identifies whether or not the primary name for this business is a verified legal nameg
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BusinessIQ Premier ProfileSM
Risk dashboardRisk dashboard
Highlights potential risk tied to payment behavior, legal filingsd f dand fraud
Color-coded to help highlight areas of higher risk
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TipDays beyond termDays beyond term
Days Beyond Term (DBT) is the number of days, on average, it takes a business to pay its bills past th i i d tthe invoice date
Calculation starts at 30 days
DBT is calculated using continuous tradelines onlyg y
Continuous tradelines have been updated in the past 90 days and have existed more than 90 days
The DBT for all industries in the U.S. is ten
Predicted DBT forecasts payment trends for the next 60 days
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BusinessIQ Premier ProfileSM
Business factsBusiness facts
Provides key operational facts about the businessFile establish date and date of incorporationFile establish date and date of incorporation
Key company contacts, annual sales and number of employees
Industry identification � Standard Industrial Classification (SIC) codes, N th A i I d t Cl ifi ti S t (NAICS) dNorth American Industry Classification System (NAICS) codes
Public company indicator along with stock exchange and ticker
Non profit indicator
Fortune 1000 rankings
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Commercial Fraud ShieldSM deliveryBusinessIQ Premier ProfileSM exclusiveBusinessIQ Premier Profile exclusive
Results of key fraud alerts always display to create paper trail for KYC and red flag requirements
Active business indicator
Possible OFAC match
Business victim statement
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BusinessIQ Premier ProfileSM
Credit risk scoreCredit risk score
Credit risk score Intelliscore PlusSM predictsIntelliscore Plus predicts the likelihood of seriously derogatory payment within the next 12 months
Quarterly score trends
The average score over the past four quarters
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BusinessIQ Premier ProfileSM
Credit limit recommendationCredit limit recommendation
Credit limit recommendation compares the business against similar businesses
Based on trade information, industry, age of business and the Intelliscore PlusSM score
Using the credit limit recommendationg
A credit limit recommendation can be used to help set a new credit limit or modify the credit limit for an existing customer
The final decision should be based on your company�s business policiesThe final decision should be based on your company s business policies
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BusinessIQ Premier ProfileSM
Payment and legal filings summaryPayment and legal filings summary
Summary for key payment and legal indicatorsDays beyond termsDays beyond terms (DBT)
Trade and collection balances and line counts
Derogatory legal filings summary
Industry payment comparison
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BusinessIQ Premier ProfileSM
Payment trendsPayment trends
Monthly and quarterly payment trendsIdentifies seasonal trendsIdentifies seasonal trends
Helps gain visibility to improving and deteriorating payment performance
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BusinessIQ Premier ProfileSM
CollectionsCollections
Identifies the details associated with accounts that have been placed for collections
Experian�s commercial collection database is the largest in the world
It comprises information contributed by collection agencies to Experian
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BusinessIQ Premier ProfileSM
Trade payment summaryTrade payment summary
Trade categorizationsContinuous � trade that�s had at least one update in the three monthsContinuous trade that s had at least one update in the three months
New � trade that was added within the last three months with no updates
Combined � combines payment experiences of new and continuous
Additional trade � trade not updated within the last three months or non-standard trade accounts with payment information that differs from standard trade payment
Trade line total � summary of new continuous and additional trades
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BusinessIQ Premier ProfileSM
Trade payment detailsTrade payment details
Identifies the details associated with accounts that have been placed for collections and derogatory public record filings
Trade detail displayed in two categories
Trade payment � new and continuously reported
T d t dditi l t d d t ilTrade payment � additional trade details
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BusinessIQ Premier ProfileSM
Derogatory public recordDerogatory public record
Identifies the details associated with accounts that have been placed for derogatory public record � tax liens, judgments and UCC �s
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BusinessIQ Premier ProfileSM
Uniform Commercial Code (UCC) filingsUniform Commercial Code (UCC) filings
UCC filingsIdentifies assets pledged as collateralIdentifies assets pledged as collateral
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TipCautionary UCCsCautionary UCCs
Companies that extend secured loans to other businesses file Uniform Commercial Code (UCC) fili ith th t f t t ffi t t tfilings with the secretary of state office to protecttheir interest in the asset
Cautionary UCCs include one or more of the following collateral: Accounts accountsfollowing collateral: Accounts, accounts receivable, contracts, hereafter acquired inventory, leases, notes receivable or proceeds
Recent presence or numerous cautionary UCCs p ymay indicate financial distress
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BusinessIQ Premier ProfileSM
InquiriesInquiries
InquiriesIdentify whether this business is actively seeking credit and the typeIdentify whether this business is actively seeking credit and the type of businesses inquiring
Summary of all inquiries made during the last nine months
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BusinessIQ Premier ProfileSM
Corporate linkageCorporate linkage
Corporate linkageIdentification of financial and legal relationshipsIdentification of financial and legal relationships
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TipExperian data retentionExperian data retention
Data Shelf lifeBankruptcy 9 years and 9 monthsBankruptcy 9 years and 9 monthsCollections 6 years and 9 monthsJudgment 6 years and 9 monthsTax lien 6 years and 9 monthsUniform Commercial Codes (UCCs)
5 years
Trade data, bank information, government relationships, leasing
36 months
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