DP INFOMATION GROUP DP BUREAU
(SME CENTRE) 		QUESTNET DATAPOOL
Questnews July 2008
CREDIT MANAGEMENT
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Benefits of DP SME / Commercial Credit Bureau

In an effort to improve the credit transparency in Singapore, DP Info Group has taken the initiative to establish a formal information-sharing platform. The DP SME / Commercial Credit Bureau (DPCB) was set up to benefit the Small and Medium Enterprises (SME) in Singapore. How can the SME / Commercial Credit Bureau assist SMEs? As members of DPCB, companies contribute their monthly debtors aging reports to DPCB and in return, members enjoy the value-added services that DPCB offers specially to its members.

By contributing a company’s debtors aging report, SMEs would reap the following benefits:

•Better pre-screening and review of potential customers
•Access to a “private” database to understand potential and existing customers’ payment behaviour
•Get an alert should any of your existing customers start to delay payment to other creditors
•Better cash flow projections on your accounts receivables
•Post plain refuse to pay debtors to our DP Negative/Black List to “motivate” debtors to pay their overdues to you
•Engage Account Receivables Management Services.

When SMEs contribute their debtors aging report on a regular basis, they would gain reliable information on payment behaviour of potential customers before granting credit. The level of transparency in business activities and financial transactions would be improved if all SMEs were to share their credit related transactions.

Credit bureau data is the most reliable and solid foundation for making credit decisions ranging from target marketing and credit approval or declination to account management and recovery action. At the same time, it sends a signal to your customers that your company has a proper credit management policy in place. This will also help improve your acquisition of customers with better payment behaviour, thus resulting in less bad debts and better cash flow for your company.

Companies interested in building a credit bureau to validate their good payment behaviour or companies who wish to find out more about how the credit bureau can assist them, should contact the DP SME / Commercial Credit Bureau customer relationship executives or email to ics@dpgroup.com.sg