12th April 2017. By James Salmon, Director.

CPA’s information partner wins “Risk Management Achievement” award.

Last year at the British Credit Awards 2016 , the team that supply the information that powers our credit/status reports won the “Credit Information Provider of the Year” award.

At the British Credit Awards 2017 the team that supply some of the data behind the CPA reports, Graydon, again came home with an award, winning the “Risk Management Achievement” award. They were announced as the winner in the category at the annual Chartered Institute of Credit Management (CICM) awards in London.

Graydon UK is part of an international group, which has an expertise spanning nearly 130 years in Credit Risk Management across Europe. The company converts vast amounts of data from diverse data sources into information, that generates invaluable economic, financial and commercial insights that help customers make better decisions and ultimately gain competitive advantage.

The Credit Protection Association chose to partner with them a few years ago after doing extension research of the various suppliers in the market and we are glad that our decision has been vindicated yet again by this award.  CPA itself has been around over 100 years and it was important to us that our information provider be the market leader.

They continue to innovate and enhance and future proof their thinking and technology. CPA are delighted to be able to make this quality information available to its members. Graydon mostly deal with large Credit Insurers and banks but we at CPA are glad to be able to make this information available, along with information from other sources to the SME market through the Credit Protection Association’s unique Status Reports.

As and when new technologies become available, CPA will look to incorporate them in our service to the benefit of our members.

For example before the Jaeger clothing chain went into administration, we with our information providers and their intelligent risk management were already  highlighting them as a major risk. We were giving Jaeger a credit score of zero and a recommended credit limit of zero while competitors were still considering them worthy of credit.  The difference between having good information and having the best information can be costly to your business.

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