Experian and Future Route help UK’s small businesses better
manage their credit status
Experian Credit Review Service enhancement provides quick and secure way to engage with credit issues
Nottingham, 01 August 2011 — Experian®, the global information services company, has announced a new partnership with Future Route that will make it easier for small businesses to improve their chances of receiving a positive credit rating.
By integrating Future Route’s CreditPal technology with Experian’s Credit Review service, small businesses are now able to automatically submit regular financial data and other business information from their existing accounting software packages to Experian. Firms that will benefit from this latest innovation include those with a strong recent financial performance, but which may share little information publically due to reduced company reporting requirements.
The tie up between Experian and Future Route will enable small businesses with limited time and resources to provide financial data to Experian quickly and easily, ensuring that the information held on the company is complete and up-to-date. CreditPal technology automatically validates the accuracy of information.
Simon Streat, Managing Director of Experian’s UK SME business, said:
“Many small firms achieve a strong and robust financial performance, but if their accounts are not in order or they don’t make details of this performance publicly available, they could find that their credit rating slips, making it difficult for them to source suppliers, find customers or access finance.
“It’s vital that small firms provide as much information as they can to credit reference agencies to ensure that their credit rating is a true reflection of their financial strength.”
Future Route is an active player in the SME market, and works with the Forum of Private Business, Federation of Small Businesses, the Association of Chartered Certified Accountants (ACCA) and the Institute of Credit Management (ICM) to raise awareness of credit issues and help small businesses improve their financial reporting capabilities.
Nigel Folkes, Chief Executive of Future Route, commented:
“Our priority is to both to help SMEs understand credit issues, as well as making it easier for them to do something about it, which makes the partnership with Experian a perfect fit for us. Small businesses that use the new and improved Experian Credit Review will ensure that lenders, suppliers and customers throughout the UK are given a more complete picture of their financial strength and credit worthiness – which in turn will serve to benefit UK Plc as a whole.”
Small businesses wishing to find out more about the Experian Credit Review service should call 0844 481 8888.
For more information, visit http://www.experianplc.com .
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Ms Serj Heera
0115 992 2773/07837 652169
Fleur Wylie or Tom Kirkham
020 7260 2700