- by Patrick Cooney on 12/11/2020

Latest research and forecasts all agree that different industries will see different levels of impact throughout the COVID-19 crisis. Certain industries linked to core needs will have a limited or no negative impact while other industries linked to social interaction will suffer substantially greater challenges. CRIFVision-net have analysed all industries and graded them by impact in order for you to make informed decisions in a more unpredictable environment.

Industry Impact Within Credit Report

The Credit Report is an invaluable tool, especially when performing due diligence on stakeholders such as customers and suppliers and includes a wealth of information that is not usually included in company documents. Thousands can be saved when checking a credit report before extending credit. CRIF Vision-net has over 30 years' experience in the Irish Market and has created the ultimate Credit Report and Scorecard to allow your business to make the most informed decision possible.

On top of this we have now included our COVID Industry Impact Score for every company. This score is based on the industry which the company operates in and is marked on a scale of - 'No Impact', 'Low', 'Significant' or 'Severe'.

Our analysts have been working hard to provide our customers with the most up to date and relevant information surrounding COVID and how all industries have been affected. Over 600 NACE codes have been given a score on our scale based upon accurate and reliable research and data.

What Makes CRIFVision-net Credit Reports Unique?

Uniform Layout

All CRIFVision-net Credit Reports are uniform in layout amongst all 250,000+ companies across Ireland, which facilitates the easy comparison of different companies, allowing for quick analysis of when and when not to do business with a company.

Dynamic Document

Thousands of documents are submitted to the CRO every week, all of these documents are analysed by CRIFVision-net before being applied to every applicable credit report. As a result these documents are updated in real-time and can always be counted as the most reliable data. Also, with our purpose built 'Alerts' system whenever there is change to a credit score for a company on your alerts list, you will be notified straight away!

The Scorecard and What's Included?

Over 30 years of experience in Business Information has allowed CRIFVision-net to build the best Credit Report Scorecard. Much of the below data fields that are inputted into each credit report and provides a Credit Score, Credit Limit and General Status of the company.

  • Identifying Information: Company Number, Type, Size, Date of Incorporation, NACE Code, Registered Address
  • Previous Names & Owned Business Names
  • Credit Score Timeline: Any previous changes to the Credit score/credit limits in the past
  • Financial Information: Annual Returns filling details, Auditor Details, 5 years Financials (Balance Sheet), Key Ratios, Analyst Observations & Industry/Sector Analysis.
  • Director Information
  • Shareholder Data: Outlines the ownership structure and percentage of shareholdings.
  • Judgments & Mortgages/Charges Information
  • NEW COVID Industry Impact: Marks the industry in which the company operates on a scale from 'No Impact' to 'Severe'.

As you can see, there is no question as to what makes a credit report so useful. Now more than ever, it is important to perform due diligence on the companies that matter most to you and we have further allowed you to make more informed decisions with our new COVID Industry Impact Scale.

More information on CRIFVision-net Credit Reports Tel: 01 903 2660 or Email: info.vision-net@crif.com

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