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Before you sign a contract with a new business partner, create a purchase order with another supplier, or ship a big customer order, make sure you know who you're doing business with. Engaging with high risk businesses could result in financial losses or operational headaches you don't want. Checking the credit history and financial well-being of a business first could save you frustration or lost dollars later.

While you're at it, keeping track of your own business credit activity and financial health is a good idea. It could mean the difference in being approved or declined for that loan you need to expand your business, or more favourable credit terms with a critical supplier.

To profitably market to, underwrite and manage business customers in a demanding economy, you need as much information as possible. Equifax offers the specialized data, analytics, technology and expertise wholesale and manufacturing businesses need for a deeper understanding of both firmographics to help you find, reach and securely service your ideal customers and suppliers

 It is imperative that your company have access to the information necessary to validate the information for the businesses that you deal with each day. With the confidential information being communicated online and on the phone you need to ensure that you are communicating with the right people. Getting fast, accurate information to help you do this can mean faster service delivery, greater efficiency and reduced costs for delivering services.

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