commercial credit reports

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.
commercial 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.



ansoniaphonelines

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.


ansoniarule

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
ansoniareportfloat

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.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Business Credit Reports Articles

 

5 Ways to Reduce DSO

Most businesses focus on improving their cash flow. After all, cash flow is what keeps a business afloat.One way to improve your cash flow is to reduce DSO, or Days Sales Outstanding. This is a calculation of how quickly, or slowly, a company collects on their accounts receivable. By reducing your DSO, you will effectively improve your cash flow position.

Here are 5 great ways to reduce DSO and get more cash into your pockets.

5 Tips to Reduce DSO

1) Work on timely and accurate billing

Obviously, the longer it takes for the customer to receive their invoice, the longer it will take for you to get paid.Invoices should be sent out immediately upon receipt of goods, or services rendered, and payment terms should be clearly noted. Be certain to verify the correct billing address to avoid an invoice being lost in the shuffle. There are many companies that now accept electronic invoicing take advantage of this option if possible to remove mail time from the equation altogether.

2) Offer payment incentives

Offering discounted terms incentivizes quicker payments.You could offer a discount for paying within 10 days when your normal terms are net 30. Speeding up your cash-flow, allowing for the purchase of additional materials, services and savings on loan fees can greatly off-set the nominal discount provided. The amount of discount and time frame is obviously up to you. Choose what makes the most sense for your business.

3) Make sure terms are clear

In some cases, part of the problem for slow payment is due to confusion with your payment terms. Be sure that they are clearly and simply stated.Every business that invoices should have agreed upon payment terms. These should be stated up front and listed on every invoice. Be sure to include these in any contract or agreement you make with a customer. Also, clearly mark the due date on each invoice in order to emphasize to the customer when you expect payment.

Proactively, your collection department might even want to give the customer a call when they are getting close to the due date as a friendly reminder. Any pricing or service disputes can be handled prior to the invoice going delinquent.

4) Do your due diligence when extending credit to a new customer

An accurate business credit report, pulled prior to extending credit to a new customer, is fundamental in reducing your credit riskKnowing the payment trends of your customers will help you to make a sound credit granting decision when considering your DSO target. If a customer clearly pays outside your terms, consider placing them on a cash only basis.

Utilizing the payment information, provided by your credit peers on a business credit report, can provide you with a much clearer picture of the payment trends of your potential customer.

5) Walk away from bad customers, or at least re-structure their terms

Admittedly, this is an extreme step, however, there may be cases where one or two extremely slow-paying customers end up dragging down your DSO.Before making such a drastic decision, take the time to evaluate what dealing with their account is costing you each month. When you determine this number, compare it to their profitability. Is it worth it?

Try working with the sales representative on the account to restructure the payment terms and arrangements. Joining forces with your sales team and understanding the risk/reward on both sides will provide a stronger front to the customer if more drastic measures need to be taken.

Focusing on ways to reduce DSO is incredibly important. It has the potential to pay you back many times over.

Start with a plan, implement the steps needed and watch your cash-flow improve.

 


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

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

"

Accounts Receivable Fraud Schemes You Need To Know

Accounts receivable fraud has long been on the radar of the Securities and Exchange Commission, and with non-financial corporate receivables at $2.3 trillion in Q3 of 2010, it is easy to see why: that is a lot of potential revenue, and the fact that AR assumes some uncertainty as to when (and whether) it will be paid allows unscrupulous employees room to manipulate the data.

Mark Beasley, in a report published in Accounting Horizons, found that receivables and inventory were the most misstated asset accounts. And with single instances of fraud averaging about $180,000, knowing how to recognize and prevent accounts receivable fraud can mean the difference between a healthy revenue and accounting system and a dangerously compromised one.

Here are several types of AR fraud to be aware of:

The Most Prevalent Accounts Receivable Fraud Schemes

Lapping Accounts Receivable (or Hiking)

Lapping of accounts receivable is one of the most common forms of AR fraud, and one of the more difficult to detect. Lapping describes an employee recording payments to incorrect accounts in order to conceal a theft. If Company A makes a payment, an employee with access to payment processing can steal the funds, then record the next incoming payment from the account of Company B to to the account of Company A. This can continue indefinitely, with each subsequent payment covering the missing funds in an earlier account.

Ironically, one of the signs that an employee is lapping accounts receivable is that they seem to be too dedicated to their work: coming in every day, possibly showing up early or working late, and refusing to take vacations. That is because the scheme never ends: the fraudster has to show up every day to continue the misdirection

The blog feature a full article on lapping of accounts receivable, and how to prevent it.

Sales Data Manipulation (or Skimming Fraud)

A skimming fraud occurs when the same employee handles both invoicing and payment processing. The employee presents an invoice to a customer for the full cost of service and records a lower invoice or payment, pocketing the difference. This causes a discrepancy in goods or services rendered and revenue received, but can be difficult to detect if these two data streams are not well reconciled.

Fraudulent Delinquency of Accounts

If an account is marked as delinquent, it may be included in the allowance for the company for doubtful accounts and removed from gross receivables. When this happens, payments on the account may no longer be accounted for to the best ability of the company. An employee with access to the accounts classification system can mark a current account as delinquent and begin pocketing the payments.

Diversion of Delinquent Payments

Similar to the above, an employee with access to payment processing can divert payments that come from delinquent accounts, knowing that these accounts may have been written off and may not be well-monitored.

Shell Collections Companies

When an account is turned over to a collection company, there is often no guarantee that a payment will be collected in full. Exploiting this uncertainty, an employee with a relationship to a disreputable collection company may receive kickbacks in exchange for turning over delinquent accounts, which the collection company can collect on and under-report to the company holding the account. Thus, the company loses out on money that was paid in order to settle the receivable debt, while the dishonest employee and the shell company both profit.

Employees receiving kickbacks from shell collections companies can also choose to assign current accounts to the company, ensuring a steady stream of diverted funds.

What Can You Do?

Supervision, separation of duties, data reconciliation, account monitoring, and audit controls are all important in the prevention of accounts receivable fraud. Among other strategies, your company should:

  • Ensure that no employee has access to the whole invoicing, collecting, and recording process for payments on accounts receivable,

  • Require that employees within payment-related departments rotate through specific tasks,

  • Implement mandatory vacation days, so that all employees must take all their vacation in a given year, disrupting any opportunities for long-term fraud,

  • Conduct random audits using an outside professional,

  • Reconcile bank deposit details against invoicing and A/R posting regularly,

  • Periodically review delinquent accounts and accounts sent to collections, or require that changes in account classification be approved by a supervisor who has no access to payment processing,

  • Encourage employee whistleblowing on cases of suspected internal accounts receivable fraud.
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    "
    You Can Find More Information at Busines Credit Reports-Ansoniacreditdata.com/

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



     

    Sales vs Credit: How to Get Along

    Every company organizes itself into departments which can handle critical operational aspects of the business. In general, they should all be pulling together to help meet goals of the the company. Sometimes however, the individual responsibilities of two departments seem completely at odds: take the case of the sales department and credit or accounts receivable management.Both departments are concerned with the business relationship between the company and its clients. The sales team is interested in establishing relationships, and accounts receivable sees to the profitable resolution of those relationships. But while a sales team is rooted in enthusiasm and a the more, the better approach to client/customer acquisition, accounts receivable management has to assess the risk of each new credit line, because a credit line that goes delinquent can be worse than having no customer at all.Credit and sales are both essential to the running of a business. So how do you reconcile them?

    Decide Your Risk Tolerance

    If you extend a line of credit to everyone, your company will bleed dry. If you never open a line of credit, you will never grow your stream of revenue.

    There is a saying in the computer security sector: the most secure computer is one that is kept in a locked closet, never connected to the internet and has no keyboard or monitor. Of course, the computer is pretty much useless for any practical purpose.That is an overly simplified way of illustrating that too much security hampers you just as much as too little can damage you.

    Understand the risk tolerance of your company and develop a credit strategy to match it.

    At the same time, studies have found that managers consistently undervalue their credit and accounts receivable management. Remember that without an empowered and effective accounts receivable, assets never turn into revenue and that is no way to run a business.

    Front-Load Credit Information in the Sales Process

    There are plenty of fish in the sea, and when it comes to credit, knowing which fish to angle for can be a big help to sales departments. Accounts receivable management often has its finger on the pulse of the business credit world, and can provide sales teams with initial creditworthiness assessments to help them target the most desirable customers.

    If the sales department handles any aspects of the credit application process which is likely the sales team and credit managers need to coordinate to make sure the onboarding process fully collects the right information, does not waste time collecting needless information, and is as streamlined and as painless as possible. Credit managers often do not understand the pressures of a sales environment, while salespeople do not always appreciate all the details of a credit application. Have representatives from the two groups meet together to design documents that serve both groups well.

    Keep Your Options Open

    Not every high-risk credit line should be written off, and sales departments should be aware of options to offer prospective clients whose business credit reports might not come back golden. Letters of credit and credit insurance are two options to consider when you want to establish a business relationship but do not feel great about the level of risk.

    When a company has been vetted by proactive credit manager, a sales team can go into their meetings with options ready and available. This can help them approach a prospective client with more assurance and enthusiasm, and can help close a deal where other companies might balk. If all goes well, it could lead to a long and profitable business relationship. If it goes south, your company still has a way to recoup the losses a delinquent account would have incurred.

    Incentivize Cooperation

    Even though your sales team is pushing the boundaries of your risk tolerance and your accounts receivable management is holding them in check, try to look at both departments as part of a larger revenue pipeline. If you can design your company culture to be aware of that interconnectedness, both teams can function better together.

    Consider driving the message home at both culture and compensation levels. Having the two teams share a floor or share performance bonuses can increase communication, and let the people on the ground call out any areas for improvement. Instead of seeing each other as an impediment to effective business, emphasize that each group should be a resource for the other.

    Balancing the Risk/Reward thought process and cooperation between sales and credit can be a challenge and with the right guidance, communication and implementing these suggestions it can take your business to the next level. Encourage a united front with focus on the end goal.

     


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

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

     

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

     

    Company Name:  MARIN GENERAL HOSPITAL

    Street Address: 3851 YOUNGS RD BUILDING 1

    City: SAN RAFAEL

    State/Province/Other: California

    Zip: 6033

    Country: United State, U.S.

    Phone: 417-862-6708

    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 MARIN GENERAL HOSPITAL pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For MARIN GENERAL HOSPITAL at: 1-855-267-6642

     

     

    Company Name:  GOLDPAC SECUR CARD LTD

    Street Address: ZHUHAI GUANGDONG PROVINCE

    City: ZHUHAI

    State/Province/Other: China

    Zip: 519070

    Country: China

    Phone: 253-657-8305

    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 GOLDPAC SECUR CARD LTD pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For GOLDPAC SECUR CARD LTD at: 1-855-267-6642

     

    Company Name:  HATTERAS PRESS

    Street Address: 609 MISSIONARY RIDGE

    City: TINTON FALLS

    State/Province/Other: New Jersey

    Zip: 7724

    Country: United State, U.S.

    Phone: 914-939-0571

    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 HATTERAS PRESS pays their bills?

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

     

    Company Name:  TOP NOTCH DISTRIBUTORS INC

    Street Address: 400 S CONOCOCHEAGUE ST

    City: HONESDALE

    State/Province/Other: Pennsylvania

    Zip: 18431

    Country: United State, U.S.

    Phone: 262-260-2000

    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 TOP NOTCH DISTRIBUTORS INC pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For TOP NOTCH DISTRIBUTORS INC at: 1-855-267-6642



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    Where to get business credit reports
     
    business credit reports
    2415 Heritage Ct SW
    Washington
    USA
    1-855-267-6642