Yes. We are working with companies of all sizes to integrate their payment information as this will be increasingly important to making business decisions, especially relating to trade credit, in the long term.

It’s about seeing the likelihood of a company staying solvent, as well as how promptly they pay creditors. This data is an invaluable tool for cash flow projections and to identify habitual late payers; reducing the risk of bad debt. The majority of companies that enter into administration will show some form of sub-standard payment behaviour, either late payments or no payment at all. Therefore, payment data can prove crucial when contemplating business transactions with a company.