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.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


How To Check Credit History Of A Company 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 ansoniacreditdata.com/

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

  • Simplify Your Business Credit Application Process For Your Customer

     

    It is common practice for businesses to extend credit to other businesses via a business credit application process: the aim is to assist these businesses in making purchases, with the added convenience of paying for these purchases over a specific period of time. However, some of these business credit application processes are way too complicated, meaning that there is more room for mistakes, and customers are less likely to bother completing the application.

     

    Are you one of those businesses who have not taken a good look at your customer credit application process lately? Perhaps it is time for a re-evaluation, because it is highly likely that you will be able to make significant improvements to make the process quicker, more efficient, less room for errors, and more importantly, it can be done without any major expense. The way to start evaluating your customer credit application process is to work out exactly where your customers are coming from.

     

    What Customers Are Looking for TodayToday customers are used to shopping online, and much of this is done using mobile technology. Today customers will not be interested in completing a customer credit application by hand, or calling a contact center and detailing information for them to insert into forms. These methods are antiquated, and they are a hassle for busy consumer of today. What they do want is to quickly go online, securely enter their information, and receive an immediate answer as to whether they have been approved for extended credit.

     

    The good old days of completing hard copy applications, then waiting for a phone call or a letter to arrive advising that you have or have not been accepted for credit, are gone for good; so if you are a company who is still relying on old-fashioned methods for offering customer credit, it is highly likely that you are missing out on a lot of potential customers, and, more importantly, their spending power!

     

    Create Smart Business Application FormsThere are so many reasons why electronic online credit application forms are more effective and more efficient. To start with, they (and the personal information entered on them) would not get lost. They are legible, and you can format your electronic forms to ensure that inappropriate answers would not be accepted. For example: let us say a number is required in a particular field, the form can not be submitted if letters have been mistakenly entered.

     

    In addition, your forms can be designed so that, when information is entered, it waterfalls into other related fields and forms. This means that when a customer enters their mobile number the first time, that information can be simultaneously used to complete phone number details in various places at the same time, thus speeding up the process and minimizing any chance of errors.

     

    Fast Approval Means Happy Customers!When you have an electronic business credit application process, everything happens much quicker. Once an application is submitted, applicants can be notified by email alert or phone text that action (or input) is required by them. As you can see, this is a much more efficient method than hardcopy forms that sit on someone elses desk waiting to be attended to. Having a smart credit application process means that the process is less daunting and customers get their answers much quicker and, of course, the sooner the customer is approved for credit, the sooner they can start shopping with you!

     

    Simplified Applications Means More Business Credit ApplicationsIf you change to a simplified online business credit application process, it stands to reason that you will receive many more applicants than you would with an antiquated, drawn-out, and complex process. And, of course, the more credit applications you receive, the more you will approve, which means that more customers will be buying from you. Overall, it is a win,win situation for everyone!

     

    In ConclusionAll types of businesses have the ability to create efficient customer credit application processes. Through workflow improvements and without having to write programming code, a business can design its own easy-to-navigate credit application, with information used to populate multiple fields and forms at any one time. Delays will be minimized because approving authorities can simply be advised when their input is required. So, as you can see, there is no reason for your business to be using an antiquated customer credit process: today, customers are simply too busy to be bothered with what they consider to be a complicated and drawn-out process.

     

     


    You Can Find More Information at ansoniacreditdata.com/

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



     

    How to Calculate Days Sales Outstanding (DSO)

    Days Sales Outstanding (aka Daily Sales Outstanding and DSO) is an extremely important calculation for credit professionals. In a nutshell it is how quickly (or slowly) your company is collecting on their accounts receivable.Because of this, it is a great gauge of how well your credit department is performing. It helps track your AR collection performance month over month and provides strong evidence to prove to management you are doing well.In this post we will give you a quick overview of what days sales outstanding is and how to calculate your DSO.

    What is Days Sales Outstanding

    Your DSO is the average number of days it takes to collect on your accounts receivable after you have made a sale (or over a given period of time)A DSO calculation will show you both the:

  • Average time to collect on your receivables

  • Age of your receivables
  • A low DSO means that you are collecting close to your terms, whereas a high DSO means you are collecting slowly on your receivables.Lowering DSO will lower the amount of money you have sitting in receivables, thus increasing your cash reserves. In the competitive business environment of today, having liquid assets, like cash, and having a healthy cash flow are vital for success.

    Calculating Days Sales OutstandingThere are multiple ways to calculate Days Sales Outstanding, here I will show you the one most commonly used.

    Terminology:

    Accounts Receivable: The receivables that you are looking to analyze. This could be your entire portfolio or just a section of it.Total Credit Sales: The total amount of credit sales you have made. Exclude cash sales from this figure.Total Days Sales: Here you need to define the period of time you want to analyze. This could be a year (365), a month (30) or really any amount of time you want. Just make sure that the figures you use for accounts receivable and total credit sales are from this same time period.

    For Example:

    Chuck wants to know how quickly his company was collecting on their AR over the past 6 months (182 days). Over this period of time, his company had the following figures:

    Accounts Receivable: $10,000,000

    Total Credit Sales: $55,000,000

    Here is the DSO calculation:

    In our example, Chuck found that his Days Sales Outstanding over the past 6 months were 33.09 days.

    What is a Good Days Sales Outstanding

    This really depends on your company, your stated terms and your industry. A DSO less than 30 days is expected if you enforce 15 day terms. For some a DSO higher than 40 days is unacceptable. Conversely, in some industries, a DSO of 40 days would be impossible.If you find that the your calculated DSO is higher than you want it to be, you should be sure that you are using the best tools to manage your business credit.

     


    You Can Find More Information at ansoniacreditdata.com/

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

     

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

     

    Company Name:  GEORGIA PACIFIC LLC

    Street Address: PO BOX 981974

    City: EL PASO

    State/Province/Other: Texas

    Zip: 79998

    Country: United States, U.S., US

    Phone: 513-612-5594

    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 GEORGIA PACIFIC LLC pays their bills?

    Call Us Today to Get Your Complete Business Credit Report
    For GEORGIA PACIFIC LLC at: 1-855-267-6642

     

     

    Company Name:  FRITO LAY INC

    Street Address: PO BOX 660634

    City: DALLAS

    State/Province/Other: Texas

    Zip: 75266

    Country: United States, U.S., US

    Phone: 402-479-7029

    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 FRITO LAY INC pays their bills?

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

     

    Company Name:  WAYFAIR LLC

    Street Address: 4 COPLEY PL FL 7

    City: BOSTON

    State/Province/Other: Massachusetts

    Zip: 2116

    Country: United States, U.S., US

    Phone: 617-502-7617

    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 WAYFAIR LLC pays their bills?

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

     

    Company Name:  EATON CORP

    Street Address: 6400 POPLAR AVE

    City: COLUMBUS

    State/Province/Other: Ohio

    Zip: 38197

    Country: United States, U.S., US

    Phone: 206-622-0708

    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 EATON CORP pays their bills?

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



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