An Industry Member’s Opinion: At Company Watch, we believe that we are head and shoulders above the other UK credit reference agencies. Since 1998 we’ve predicted almost 90% of UK public insolvencies in advance.
We have also won the CICM Risk Management Award for the last two years in a row.
Our state-of-the-art risk management solutions allow us to offer a range of services that go far beyond those of a traditional credit reference agency. These include:
- Detailed credit scores with full explanations.
- PoD® (probability of distress) rating.
- A searchable database of Companies House records.
- Text analysis of company records using machine learning, giving an added layer of confidence.
- A comprehensive forecasting tool that can simulate a wide range of risk scenarios.
- An API that can seamlessly integrate our financial analytics with your existing system.
Compare UK credit reference agencies
We believe we are the clear choice for financial risk and business intelligence software, but don’t just take our word for it. Here’s how we stack up against our competitors:
Note – we have acknowledged cases in which competitors offer a similar service under a different name.
Service | Company Watch | Experian | Dun & Bradstreet | Creditsafe |
Company Credit Check
Assess the financial health of a potential customer, supplier, or partner before you engage in any business transaction. |
✅ | ✅ | ✅ | ✅ |
Director Search
Analyse director and officer details. |
✅ | ✅ | ✅ | ✅ |
H-Score®
The industry-leading performance tool when it comes to predicting business failures. |
✅ | ❌ | ❌ | ❌ |
Probability of Distress (PoD®)
Used for bad debt provisioning, PoD® gives you the percentage probability that a distress event, e.g. a business failure, reconstruction or acute financial distress, will occur within three years. |
✅ | ✅ | ✅ | ✅ |
TextScore®
Using advanced machine learning techniques to analyse the text in financial reports of active companies, TextScore® predicts the probability of corporate distress. |
✅ | ❌ | ❌ | ❌ |
Forecast View™
Financial risk modelling tool that allows you to run pre-set risk scenarios. Assess the future financial health of companies under different economic situations with ease. |
✅ | ❌ | ❌ | ❌ |
Experiments
The functionality that truly separates Company Watch from other Credit Reference Agencies. Stress-test a company’s financial health and run ‘what if’ scenarios using management accounts or forecasts. |
✅ | ❌ | ❌ | ❌ |
Enhanced Due Diligence Reports | ✅ | |||
API
Connect analytics and data directly into your internal systems. |
✅ | ✅ | ✅ | ✅ |
SearCHeD
Powerful Companies House search engine. Quickly search the Companies House database for keywords in the text of annual reports held at Companies House. We have turned image files into searchable text, enabling you to find key words and phrases with just a few clicks. |
✅ | ❌ | ❌ | ❌ |
Portfolio Search
Upload and look for risks within your existing portfolios. |
✅ | ✅ | ✅ | ✅ |
Using these features, we can help you to spot financial risk earlier and more accurately. This is a huge advantage for anyone working in credit risk management, but the benefits are not limited to this role. Our solutions have a wide range of use cases. Here are just a few examples of who we can help:
- Insurance providers requiring enhanced due diligence on clients
- Legal professionals attempting to avoid director fraud and mitigate risk
- Property managers who need to vet potential tenants
- Public sector managers looking for cost savings or an effective anti-money laundering solution
Pricing
Our pricing is competitive and comes with flexible options that can be tailored to your specific risk management needs. We offer a range of subscription options, from our basic bronze to our comprehensive gold package, so you can choose the level of access that suits your team’s requirements.
Ultimate Credit Scoring Guide
Transparency forms the cornerstone of everything that we do at Company Watch. We have written the ultimate guide to company credit scores, that lifts the lid on how credit reference agencies gather and analyse data.
Download Guide: Company Credit Scoring
Free Resource
We lift the lid on how company credit scores are built and applied, by credit reference agencies, to provide financial risk solutions.
Download your free copy today.
Source: CompanyWatch.net