cocredo - company credit checks

CoCredo launches new Business Credit Monitoring feature

  • 20/05/2024
  • Paul Atkinson
Businessman looking at financial data on monitor


As businesses aim to broaden their reach and operate globally, ensuring their customers and future customers' reliability and authenticity can be challenging. However, companies can confidently navigate the international business landscape with the right strategies and resources and potentially unlock rewarding and successful partnerships.

In today's complex business environment, reliable credit data is crucial. Making informed decisions, such as extending credit based on up-to-date information on financial health, can be the difference between success and failure. 

At CoCredo, we offer unparalleled access to updated information on millions of companies across the globe. With us, you will receive regular monitoring alerts, either daily or weekly, giving you peace of mind and control over your business relationships. 

Why is Credit Monitoring important for my business?

Business credit monitoring services continuously monitor various aspects of a company's credit report and promptly flag any issues for the business owner or financial manager that would cause a decrease in credit limit or risk score, including:

  • Adverse legal actions (CCJs etc) 
  • Payment history 
  • Outstanding debts
  • Changes made to the directors and financial performance.
  • Late payments 


Why Business Credit Monitoring Matters

Businesses are confronted with a multitude of risks in today's ever-evolving marketplace. By proactively monitoring the credit profiles of your customers and suppliers, businesses can identify potential risks early and take decisive steps to minimise them, thereby staying ahead of possible issues.

Noticing a sudden surge in late payments from customers should serve as a warning sign, prompting a company to review its credit policies or initiate debt recovery solutions.

CoCredo’s new Credit Monitoring feature 

Our new feature will enable our customers to quickly add companies to a monitoring watchlist where they have run a report previously without repeating the process of running another report. 

Our flexible UK, Ireland and International Monitoring feature allows you to manage potential customers effectively, adding them to monitoring once the business relationship is formalised.  

Click the 'eye' icon (see image below) to receive credit monitoring alerts for 12 months. 

The Benefits 

  • Easier to add business partners to monitoring via our online portal.
  • Be alerted about companies with detrimental changes, and identify customers with whom you can extend credit.
  • Be continually aware of your customers’ business activities and status with tracking and reporting.

User friendly interface showing business credit monitoring icon

With better access and a user-friendly interface, you can confidently monitor your watchlist credit scores and checks to make informed decisions. 

You will receive our notifications in your inbox early in the morning, ensuring you stay consistently informed about crucial events, Including administrations, liquidations, and insolvencies.

This proactive approach allows you to respond swiftly to any significant changes in a business, ensuring you stay ahead of the curve.

We will remind you every month of the companies coming up to their 12-month monitoring anniversary, allowing you to keep your credit monitoring list current. 

We can also assist with removing multiple companies from your monitoring list at any time, allowing you only to receive updates for the ones you currently work with. Please speak to your Account Manager for more details.

Want to find out more?

By actively monitoring your business, you can unlock unique insights into your customers' financial health, make better-informed financial decisions, and seize opportunities for growth with confidence.

Investing in a reputable credit monitoring service is a small price to pay for the invaluable peace of mind it provides in today's difficult financial landscape.

To learn more about our new business credit monitoring feature, please call us on 01494 790600 or email us to book a free demo to find out how CoCredo can help you mitigate credit risk, reduce debtor days & boost cash flow!

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