Experian Business

Definition

Experian Business provides business credit reports, analytics, and data services. It helps companies manage their credit risk and make informed financial decisions.

5 Must Know Facts For Your Next Test

1. Experian Business is one of the three major business credit bureaus alongside Dun & Bradstreet and Equifax.
2. It offers tools to monitor and improve a company's credit score.
3. Businesses use Experian Business reports to assess the creditworthiness of their suppliers or customers.
4. Experian's services help businesses plan their working capital by assessing trade credit risks.
5. A good Experian Business credit score can help a company secure better trade terms and financing options.

Review Questions

• What are the primary services provided by Experian Business?
• How does Experian Business assist in managing working capital?
• Why is a good Experian Business credit score important for companies?

Related terms

Trade Credit: An agreement where a customer can purchase goods on account, paying the supplier at a later date.

Working Capital: The difference between a company's current assets and current liabilities, indicating its short-term financial health.

Credit Risk: The possibility that a borrower will default on any type of debt by failing to make required payments.