For the first time, the European Commerce Registers’ Forum and Corporate Registers Forum held a joint conference in Cardiff UK from May 9th to 13th 2016. The 2016 conference was an exciting event which brought together many delegates from across the world to share best practices.
BIIA Director David Knowles, Marketing Director at Creditsafe Group and also a director of BIPA, the UK Business Information Providers Association, spoke about the needs and benefits concerning access to public sector information (PSI).
Trade Credit is the undisputed source for short term capital for businesses (a factor which is often ignored). Trade Credit is 3x larger than all bank lending to business. The cash flow that keeps business (and the economy) alive is £200 billion + of business secured every year.
Register data (shown below in red) plays an important part in risk assessment but it is not the only component that is required:
- Company Identification Information
- Filed financial information where available
- Adverse court data
- Director and Shareholder data – PSC
- Group Structure
- Credit Score
- Credit Limit
- Link to documents
About: The European Commerce Registers Forum is a non-profit self-financing interest organisation for co-operation in Europe. The purpose of the forum is to promote collaboration and facilitate the exchange of information and practice among European business register organizations. The ECRF gathers 30 European business registration authorities, and remains open to other European official institutions responsible for business registration.
To download David’s presentation, please click on this link: 2016 BIPA Use of Data presentation ECRF May 2016