Experian launches BusinessIQ in the UK

news release

Experian launches BusinessIQ in the UK

The full power of Experian’s business data and analytics harnessed in one online platform

Nottingham, 31 October 2012 — Experian®, the global information services company, has today launched BusinessIQ in the UK, its powerful new online customer and supplier risk management system. 

Developed for businesses in the UK, BusinessIQ provides a new level of sophistication in credit management.  For the first time, the entire commercial credit lifecycle - from application stage through to customer management and collections – can now be managed from a single online platform powered by Experian’s insight into commercial credit, businesses, directors, consumers and payment performance.

Most firms in the UK currently have disparate systems, often provided by multiple companies, to manage different aspects of the credit lifecycle.  These tend to be accessed by different personnel, including credit risk, marketing and sales teams, with no easy way of linking the activity together or monitoring what activity takes place and where.  This is often made worse by gaps in the level of data available on a firm and leads to risks being missed, inefficient use of time, increased workloads and unnecessary costs. 

Helping businesses overcome these challenges, BusinessIQ from Experian enables firms of all sizes to quickly and accurately monitor and manage all the risks and opportunities associated with customers and suppliers.   Simple and intuitive to use, Experian’s latest innovation:

• Provides a clear view on the entire portfolio – using Experian’s advanced analysis tools so firms can effectively manage individual credit risk and opportunities, while clearly understanding their overall portfolio exposure.
• Automates decisions – providing instant and automated initial credit decisions on multiple customers based on pre-agreed credit policies
• Issues ‘early warning’ alerts – providing valuable updates on customers and suppliers that  that could indicate potential  financial difficulty enabling BusinessIQ users to take  proactive credit management.
• Highlights new sales opportunities – identifying hidden opportunities within a firm’s own customer database to up sell or cross sell.
• Links directly to Experian’s collections service – enabling firms to prioritise problem accounts and deploy collections campaigns directly from within the application.
• Enables complete control and full audit capabilities – using a smart search and storage hub for business information and credit reports, cutting out duplication and providing vital time and cost efficiencies.

Paul Vescovi, Managing Director of Experian’s UK&I Credit Services business, said: “It’s never been more important for firms to ensure there are no surprises when it comes to dealing with customers and suppliers.  BusinessIQ is already a huge success in the US and has been developed for the UK market to help businesses of all sizes make more informed decisions when it comes to managing risks and rewards in their portfolio.

“BusinessIQ is a major new development for the UK marketplace and underlines our commitment to driving innovation right where our clients need it most.”

For more information visit: http://www.experian.co.uk/businessiq/what-is-businessiq.html

ENDS

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Contact:
Ms Serj Heera 
Head of PR, Credit Services
0115 992 2773/07837 652169
serjeet.heera@uk.experian.com

About Experian
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.

For more information, visit http://www.experianplc.com.