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.



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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.


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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.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Commercial Credit Reporting Agencies Articles

 

Accounts Receivable Fraud: Lapping, What It Is and How to Prevent It

When it comes to business security, many companies focus on outside threats: securing transactions between the company and its clients or fixing vulnerabilities such as the recent Heartbleed security bug.

But sometimes, the threat is within the company. Companies need to be vigilant against internal fraud which can be just as costly, as easily committed, and even more difficult to track.

With the total receivables for non-financial companies standing at over $2 trillion per quarter, as theJournal of Applied Business and Economics points out, accounts receivable fraud is an attractive field for unscrupulous employees.

Lapping: Hard to Detect, Dangerous To Overlook

One of the most common forms of accounts receivable fraud is known as lapping. In a lapping scheme, an employee can steal an incoming payment, then cover it up by recording the next incoming payment as though it were the payment stolen.

If Employee A is on the outs with the company, feeling extreme financial stress, or just suffering a deficiency of moral fiber, a lapping accounts receivable scheme might sound good.

The employee can simply steal a payment from a paying customer, and then back-fill the payment by diverting money from the next customer in line. By continuing to back-fill payments, the employee ensures that no alarms are raised; no payment seems to be missing, or even excessively late. Cash receipts are the preferred targets for lappers.

Lapping requires that one employee hold responsibility for cash handling and recording, or that the employees who share responsibilities become co-conspirators. It requires ongoing attention from the fraudster, meaning longer hours and no vacations as they work to intercept incoming payments to divert them to the previous accounts. That means that when an employee is lapping accounts receivable, they may appear to simply be developing a workaholic streak.Among the most common forms of accounts receivable fraud, lapping is also among the easiest for an employee to justify: after all, all accounts are being paid, if only by subsequent payers. Some lappers might even believe that the stolen funds are simply borrowed after all, they will pay them back later.

Lapping Prevention

Although the average loss from accounting fraud is in the vicinity of $180,000, prevention does not have to be costly. A few simple controls can make it far less likely that an unscrupulous employee will be able to pull off a lapping scheme.

  • Separate responsibilities so that no single employee handles all aspects of collection, deposit, recording, and reconciliation. Separation of duties is the most effective method of preventing accounts receivable fraud.

  • Assigning a rotation of employees to accounting positions, and restricting access for each employee to their current job role, can also help prevent ongoing schemes such as lapping accounts receivable. Mandatory vacations will also disrupt the plans of a fraudster, and can serve as a deterrent because potential fraudsters know that a scheme requiring daily cover-ups woould not be feasible.

  • Have an employee in a non-cashier position send account statements to customers and clients. Savvy clients know when payment details are fishy, and will contact the company to alert them. Companies should contact customers to confirm that statements have been received, to ensure that statements are not being intercepted.

  • Audit cash receipt transactions regularly, and implement surprise inspections as well.

  • Monitor trends in your accounts receivable. A growing delay in payment processing across all accounts can indicate that a lapping scheme is in progress.

  • Have the bank provide authenticated deposit slips, which can be compared to remittance advices to confirm names, dates, and amounts of individual payments.

  • Implement company-wide policies encouraging employees to report known or suspected fraudulent activity.

    Know Your Cash Flow

    If accounts receivable fraud takes root in your cash flow, it can lead to serious even catastrophic disruption.With inventory and accounts receivable as the most traditionally misstated asset accounts, every business should have a fraud prevention plan in place. An ounce of prevention can be worth several hundred thousand dollars of cure.

     


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

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

  • Accounts Receivable Management with Current Technology

    In the fast paced business environment of today with the overload of business credit data available, how do you harness the best information in a usable format to become a meaningful accounts receivable management tool?

    Components of Strong Accounts Receivable Management Tools

    Start by determining what is most important to you when evaluating business credit on new customers, reviewing credit limits and risk assesment.

    Here are some of the things to look for:

    Instant online access

    Credit can be a 24/7 job. Instant online access to business credit information is imperative to making timely credit decisions.

    Quality mathematical analysis

    Mathematical models are used to determine risk scoring and predictive credit trends. These empower credit managers to make more informed decisions.

    Accurate data

    Integrity of the credit information reported and the willingness of the business credit bureau to verify any questioned data is vital. Verifying data is a key component and requests should typically be resolved within 24-48 hours.

    Push technology

    Credit managers receive alerts of adverse credit information on debtors 24/7 directly in their inbox. This is important for keeping an eye on key accounts.

    All data submitted electronically

    Biased debtor provided credit references are a thing of the past and have no place on a business credit report. 3rd party submission of accounts receivable data provides unbiased insight into payment history.

    Industry visibility

    Knowing how a debtor pays your industry versus how they pay other industries are equally important in predicting how they will pay you.

    Comprehensive accounts receivable analysis

    Accounts receivable analysis tools use real time data designed to highlight potential credit risk on current customers. These tools have become the best defense for credit managers against bad debt.

    Public Record Information

    Public Record provides additional insight into a debtor's credibility.

     


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

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



     

    Why Your Business Credit Reports Need Transparency

    Transparency is one of the most important components of a reliable and accurate business credit report.

    What is transparency in the terms of credit reports? In short, it means that the business credit bureau is not padding their reports to make it appear that their data is better than it really is. For example, a transparent business credit report is very clear about how current the credit data it contains is.When you review the credit report of a company you should have no question that the information it contains is up to date, be able to tell how the company pays specific industries and see a month by month breakdown of the data.

    3 Components of a Transparent Business Credit Report

    Does the report provide the most current information?

    The cash flow situations of a business can change overnight so it is important that you are looking at the freshest data available. For example, if a business recently lost a major customer, they will likely start having difficulty paying their bills. If the credit data you are using is not current, you are making a decision based off of information that may no longer be relevant.

    It is vital that your business credit bureau shows how current their data is. Without this transparency, there is no way for you to know whether the credit information is 2 months or 2 years old.

    The best way to know whether or not the information you are looking at is current is to know what month the information was reported to the bureau. This is most easily seen in a month by month breakdown, where the number of contributors reporting that month is shown. If your current business credit reports show aggregated data, or do not show when the data was reported, how can you know whether or not the information is current or outdated?

    How does the company pay my industry?

    There are always some products and services that a business cannot function without. Since these vendors provide something that is essential to the operations of the business, the company will usually pay them first.For example, a trucking company will likely pay its fuel provider before anyone else. How can they move their trucks without fuel? A restaurant will probably pay the food distributor before they pay anyone else. How can they feed their customers without food?

    There are many industries that payment for a certain good or service demands a higher priority than others. Knowing how a company pays specific industries is therefore vital.Imagine you are an electrical manufacturer who produces commercial lighting. If you are considering extending credit to a trucking company, would you rather know how they pay fuel companies or other electrical manufacturers?

    A transparent credit report will always show you an industry breakdown. In this, you should be able to see how many companies, within that industry, are reporting and how they are being paid.Without this information, it is almost impossible to know how a company prioritizes their payments.

    Is it a single trade line or a month by month breakdown?

    It is extremely important to see how a company pays their bills month over month. With a month by month breakdown, you are able to predict their future payment trends. For example, if you look at the credit report of a the company and see that over the past 4 months, their days to pay have gone from 31 to 33 to 36 to 41, you can likely deduce that for whatever reason, they are having trouble paying their bills on time. Such a payment trend should factor into your decision of extending the company credit. Take a look at the graph below. Over the past 6 months, the company's days to pay haveconsistently increased (from roughly 40 days to pay to 70). If you saw the trend in the graph below, would you extend credit to this company?In addition, many companies experience some seasonality and these seasonal changes can cause drastic ebbs and flows in their revenue. They may pay their bills on time when they're busy and fall behind when they are not. By reviewing their monthly payment history, you will be able to determine if they experience any seasonality.

    A reliable and transparent business credit report can greatly increase your chances of getting paid. Be sure that your reports have current, industry specific and consistent data.

     


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

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

     

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

     

    Company Name:  FERGUSON ENTERPRISES INC

    Street Address: PO BOX 9406

    City: HAMPTON

    State/Province/Other: Virginia

    Zip: 4106

    Country: United State, U.S.

    Phone: 203-541-8000

    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 FERGUSON ENTERPRISES INC pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For FERGUSON ENTERPRISES INC at: 1-855-267-6642

     

     

    Company Name:  TABS ISTORE

    Street Address: 9740 IRVINE BLVD

    City: IRVINE

    State/Province/Other: California

    Zip: 92618

    Country: United State, U.S.

    Phone: 201-251-6677

    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 TABS ISTORE pays their bills?

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

     

    Company Name:  TOYOTA MOTOR SALES USA INC

    Street Address: 891 KUHN DR STE 100

    City: CHULA VISTA

    State/Province/Other: California

    Zip: 91914

    Country: United State, U.S.

    Phone: 513-672-8719

    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 TOYOTA MOTOR SALES USA INC pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For TOYOTA MOTOR SALES USA INC at: 1-855-267-6642

     

    Company Name:  99 CENTS ONLY STORES

    Street Address: 3050 E WASHINGTON BLVD

    City: LOS ANGELES

    State/Province/Other: California

    Zip: 90023

    Country: United State, U.S.

    Phone: 972-242-2300

    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 99 CENTS ONLY STORES pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For 99 CENTS ONLY STORES at: 1-855-267-6642



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    Commercial Credit Reporting Agencies
     

    Where to get commercial credit reporting agencies
     
    commercial credit reporting agencies
    2108 Caton Way SW
    Washington
    USA
    1-855-267-6642