What’s in a Business Information Report ? – An Infographic
When someone owes you money, you are exposed to Credit Risk the risk of incurring a loss if the person will not return your money. When you are in business, you deal with many parties and have exposure to such a credit risk.
Whether these risks relate to new or existing customers or even with suppliers, the only way to mitigate them is by having a clear, up-to-date insight into each business associated risks. To do that, corporates can source data through a Business Information Report? (also known as BIR) through an independent agency such as CRIF.
Business Information Report (also known as BIR) through an independent agency such as CRIF.