Page 31 - BOSS Today Issue 4

COMMERCIAL

LIFELINE

A new service to reduce the risk of doing business

t’s impossible to avoid risk com- changes such as CCJs, High Court on the businesses you are dealing Risk and exposure
pletely, but it’s still worth trying writs, petitions, accounts, director with. Take informed professional monitoring
Ito sidestep as much of it as you changes, and so on. health advice on all UK businesses A business report is only a snapshot;
can. Red Flag a new service offering Insolvencies or business failures before you decide to grant credit. and customers can change very
from the BOSS Federation in can often be spotted before they This also includes including the quickly. With Red Flag Alert
conjunction with Begbies Traynor happen. Through data intelligence benefit of avoiding future ‘back door’ Monitoring you have the
Group, is here to help you track and analysis, the BOSS Federation trading and phoenix companies who reassurance that you are watching
changes in those you are working and Begbies Traynor have identified may approach you for credit. your customers, competitors and
for. It can also identify healthier some key early warning signs of Allows multiple access for all front suppliers for changes in their health
businesses to work with as part of distress. office and back office facing staff to and risk of bad debts. Immediate
new business development. It allows minimise risk. notifications of distress will be sent
you to select demographically, from Finding healthier directly to you, allowing you to
SIC codes and provides business customers Benefits to manage your business with priority
health ratings. Your whole company An excellent way to avoid bad debts BOSS Federation and real-time intelligence.
can have access to credit and debt is to identify those businesses likely Members using
management information, ensuring to generate them – before you start Red Flag Risk & compliance
it becomes a shared responsibility. trading. Commercial fraud remains a
In the twelve months ending Q3 Red Flag Alert lets you perform ✱ Unlimited access to risk constant issue; indeed, the
2009, approximately 1 in 114 active sector and postcode searches using monitoring problem is growing. Red Flag
companies went into liquidation. the health rating system to ensure ✱ Unlimited access to will provide your business with a
With risk and exposure at such a high you are doing business with the right business reports comprehensive tool, giving you
level, and the need to identify the people. The ability to vet your new ✱ Demographic and in-depth knowledge on all your
right new customers to be trad- customers will save you time, money sector searches to customers, suppliers, etc and
ing with, the BOSS Federation and and resources. Establish energise your new delivering a consistent service to
Begbies Traynor have developed a prospects that mirror your best business campaigns departments such as credit control,
sector-specific service which up until customers, and highlight businesses ✱ Fully functional sales marketing, sales and finance.
now has only been open to financial within the relevant sectors and and credit management Providing your stakeholders with
institutions and advisers. appropriate locations and health. tool greater reassurance that you are
Red Flag Alert covers over six mil- Allows 24/7 access by multiusers ✱ Discount rate for managing risk appropriately.
lion UK businesses, from sole traders and provides a new business unlimited access
and Limited Liability Companies to development tool to energise your throughout the year n FOR FURTHER INFORMATION
Plcs. This database has daily updates new business plans. ✱ Three service levels to PLEASE VISIT OUR WEBSITE
from various sources including suit your business needs www.bpif-financialalliance.
Companies House, a live court feed, Efficient credit control ✱ Training and ongoing com, EMAIL redflag@
credit reference agencies, etc. This Get immediate access to data intel- support, and a helpline bpif-financialalliance.com
ensures you are alerted to distress ligence, giving you vital information or CALL 08700 600 129.

June 2010 | BOSS TODAY 31