BIIA member Creditsafe, Inc. announced the launch of a revolutionary database for the Mexican marketplace that provides a comprehensive listing of negative data on over 1.5 million or 75% of the businesses across the country. Unlike any other credit business reporting system for Mexico, Creditsafe’s solution provides the most complete solution for evaluating the financial stability of businesses in the country.
“Creditsafe’s Mexican database provides the most comprehensive, insightful means of evaluating the stability of businesses across Mexico,” said Matthew Debbage, CEO of the Americas and Asia-Pacific, Creditsafe. “Our ability to look at the negative data associated with almost any company in any industry is unprecedented. It provides the most complete picture of a company’s financial stability in the marketplace. This is an invaluable tool for any company looking to do business in Mexico.”
According to a report by the Office of US Trade Representatives, US foreign direct investment in Mexico was over $101 billion in 2012 (latest data available), an increase of 11% from 2011. And, Mexico is also one of the US’ top trading partners. It accounted for 14.3% of all US exports in 2013 totaling over $226 billion and $280 billion imports.
“Insightful business information about such an enormous trading partner is absolutely critical to companies in the US and around the world looking to do business in Mexico,” said Debbage.
Creditsafe’s Mexican database will be immediately available to Creditsafe customers around the globe as part of their portfolio of comprehensive credit reporting services. It will be integrated into all existing data packages including the standard, premier and plus solutions.
About The Creditsafe Group
Founded in Norway in 1997, Creditsafe has offices in countries all over the world including: the UK, Germany, France, Sweden, Ireland, Italy, Belgium, the Netherlands and the United States. Creditsafe employs over 1,000 people and has more than 80,000 subscription customers, across the group.
Three years ago, the Creditsafe Group opened offices in the US under the name Creditsafe, Inc. Its U.S. operations are headquartered in Allentown, Pa with another facility in Phoeniz, AZ.