Experian has launched BusinessIQ in the United Kingdom signaling that it is ready to migrate the successful US BusinessIQ platform into international markets.  BusinessIQ was developed by Experian to counter Dun & Bradstreet’s risk management platform DNBi.

Experian stated that helping businesses overcome the challenges to manage risk within the credit lifecycle:

  • Provides a clear view on the entire portfolio – using Experian’s advanced analysis tools so firms can effectively manage individual credit risk and opportunities, while clearly understanding their overall portfolio exposure.
  • Automates decisions – providing instant and automated initial credit decisions on multiple customers based on pre-agreed credit policies
  • Issues ‘early warning’ alerts – providing valuable updates on customers and suppliers that  that could indicate potential  financial difficulty enabling BusinessIQ users to take  proactive credit management.
  • Highlights new sales opportunities – identifying hidden opportunities within a firm’s own customer database to up sell or cross sell.
  • Links directly to Experian’s collections service – enabling firms to prioritise problem accounts and deploy collections campaigns directly from within the application.
  • Enables complete control and full audit capabilities – using a smart search and storage hub for business information and credit reports, cutting out duplication and providing vital time and cost efficiencies.

Paul Vescovi, Managing Director of Experian’s UK&I Credit Services business, said: “It’s never been more important for firms to ensure there are no surprises when it comes to dealing with customers and suppliers.  BusinessIQ is already a huge success in the US and has been developed for the UK market to help businesses of all sizes make more informed decisions when it comes to managing risks and rewards in their portfolio. “BusinessIQ is a major new development for the UK marketplace and underlines our commitment to driving innovation right where our clients need it most.”

SourceExperian United Kingdom