The objective of the acquisition of the OCTOPUS system is to strengthen the Bisnode position in the Czech market, particularly in the segment of small and medium sized companies. Apart from the competitive product our sales representatives encounter on a long-term basis, we have gained a portfolio of 600 clients.
“I am convinced that our new customers represent attractive business potential, we can fully use and offer them further value added products and services”, says the General Bisnode Manager for the Czech Republic and Slovakia David Farský. The above-mentioned acquisition corresponds with the Bisnode Central Europe strategy for standard solutions area. “I look forward to making the development of new business opportunities easy to OCTOPUS users by making the credit data to more than 230 million of potential business partners from all over the world available as well as using predictive models and analytical services helping eliminate the risks”, says the Regional Bisnode Manager for Central Europe Martin Coufal.
The OCTOPUS system is used to verify business partners. It provides easily interpreted outputs for credit risk management including the supplier Recommended Credit Limit tapping into more than 30 on-line sources. The OCTOPUS system can be connected through companies ERP data systems and client relationship management CRM systems.
Source: Bisnode Press Release