Thursday, 29 January 2009

Company monitoring on the increase

Fear of company failure is fuelling an unprecedented rise in company monitoring.

Our monitoring service, which offers free and unlimited access to changes in company credit score, has seen an increase of 175% of new users wishing to use the service in January 2008 compared to January 2007.

Random telephone sampling of these new clients has pointed to a fear of losing clients with any outstanding credit, which is not a surprise, but also that they wish to monitor suppliers - even the largest ones - for fear of being left unable to continue trading.

It seems that at the moment, no company is perceived to be immune from the credit crisis and that everyone from the smallest SME to the largest corporations are all wary of being exposed.

For more information on monitoring please visit this page.