Brexit Impact on Business

With the recent news of Britain’s decision to exit the European Union, many businesses are asking how the Brexit outcome could impact their own business. Dun & Bradstreet, one of the major business credit reporting agencies, understands that business owners like you may have concerns about the financial, regulatory, and tax changes that may occur as a result of this decision, and how it could impact your own business.

In an effort to help identify the Brexit impact on a business that doesn’t currently use one of Dun & Bradstreet’s risk solutions, D&B is providing free access to their business credit reports for a limited time.

From now until July 31, 2016, a business can access D&B® business credit reports, D&B scores and ratings, on companies in the United States, UK and Canada at no charge. By the way, there is no credit card or other financial obligation required to take advantage of this offer.

So why would checking business credit reports help?

When businesses start to struggle financially, it’s usually hard to tell ahead of time until it’s too late. However, a company’s report enables you to see early warning signs such as a drop in business scores, recent late payments, new public filings, changes in ownership, etc.

You also have in-depth business information that can help you:

• Assess a customers’ financial stability by reviewing their payment history, financial statements, and risk of bankruptcy.
• Identify potential issues with the business credit file of your customers or business partners and immediately take steps to help you limit your exposure.
• Protect your cash flow as well as your business credit scores and ratings by making smart, proactive decisions about the companies you do business with.
• Changes to your customers’ and suppliers’ D&B business credit reports can affect your company’s ability to meet its financial goals. Monitoring these changes may help you take early action on high-risk accounts to help avoid exposing your company to unnecessary risk.

So how does it work?

You’ll gain 24/7 access to Credit Reporter, Dun & Bradstreet’s risk management product. During the free access period, you can access up to $5k worth of D&B business credit reports on companies in the US, UK and Canada and have unlimited access to those reports. (This equals to about 35 business credit reports). You’ll also receive 12 months of email alerts to changes to the business credit reports of the companies you’ve monitored.

Keep in mind your free access to download business credit reports will end on July 31st, 2016

To set up your account and begin viewing free reports today go to

https://businesscredit.dnb.com/brexit/

*This offer from D&B is only valid for businesses located in the United States without a current paid D&B risk management product. There is a limit of one per D&B D-U-N-S® Number.

Even though the outcome of the Brexit vote does not directly involve the U.S., the immediate impact in the market was obvious. As you know, in times of uncertainty, its key for business owners like you to use tools such as business credit reports to help assess a company’s creditworthiness and evaluate its viability.

Until next time.

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About the author

Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, Business.com, About.com and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in ‘Fox Small Business’,’American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The New York Times’, ‘The San Francisco Tribune’,‘Alltop’, and ‘Entrepreneur Connect’.