Credit profiling solution for SMEs launched

Credit score company has recently introduced a new free business solution – Credit Simple for Business – aimed at helping SMEs in Australia and New Zealand assess their business’s credit score and risk profile. Credit Simple will deliver business credit scores and risk profiles for SMEs from illion (formerly Dun and Bradstreet).

Over 1.2 million people have signed up to Credit Simple across Australia and New Zealand, and can now access their own credit score and credit information instantly, online and free. Now the company is turning its attention to businesses, in particular SMEs, to offer them the same benefits – Credit Simple for Business works the same way Credit Simple does for consumers.

Credit Simple CEO David Scognamiglio said the new initiative is the latest in a line of ways the credit score company is evolving to better meet the needs of consumers and the business world alike.

“Credit Simple is not just about giving free access to credit scores for consumers. In the past year we’ve launched a number of new initiatives through the Credit Simple platform, including Money Simple and Clear Name. Credit Simple is constantly evolving with new ways to crunch credit information and help people live their best financial lives,” he said.

Scognamiglio added, “We see two key benefits for directors. Firstly, they’ll be able to see their business credit score and risk profiling for their company such as, how likely that business is to default on payments or go into external administration, for free. This information used to cost companies hundreds of dollars. Secondly, they’ll be able to access offers for loans, credit cards and utilities, lead and marketing services relevant to their business, to help them operate and grow more efficiently.”

Credit information available through Credit Simple for Business is pulled from business data analytics company illion. Directors will be able to contribute and update information on their business through the system to illion.

“We’re excited to be able to extend Credit Simple to a business-focused offering,” Scognamiglio added. “Credit Simple for Business will enable business owners and directors to make informed decisions about their own company in the same way individuals are evaluated based on their credit risk, and access offers tailored to them to help them succeed.”


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