top of page
Search
Lindsay Hofbauer

The Role of Bank References in Establishing Creditworthiness

Read the full white paper, published by NACM, below:

Key Findings

  • The hunt for credit information in B2B trade has evolved, but bank references remain a timeless and irreplaceable tool for assessing creditworthiness.

  • Financial institutions provide additional information that cannot be found elsewhere to support the credit investigation.

  • A customer’s banking history can provide valuable insight into their working capital and cash flow and is a valuable piece of a customer’s financial puzzle.

  • 27% of companies lose more than $1M in revenue each year due to the inability to obtain sufficient customer information, according to an NACM eNews poll.

  • 16% of credit departments say insufficient credit investigations have been the biggest cause of credit losses over the last three years.


19 views0 comments

Recent Posts

See All

Comentarios


bottom of page