"It's the wild west out there with the global economy expanding at a rapid clip. While there are few guarantees in a changing economic model, relevant background checks and corporate credit reports are cost effective ways of diminishing the risk.
Los Angeles, CA (PRWEB) June 22, 2011
Corra Group has expanded its corporate research services to address the increased need for financial vetting on the part of American businesses. The background checking services offers a full range of various business research reports that will assist businesses in producing goods and services for both the domestic and international markets. The background checks range from corporate credit reports, to civil and criminal background checks on corporate principles and the entities themselves.
Corra Group Co-Founder, Gordon Basichis, reported there is an increase in requests for business credit reports and other business research instruments on the national and international level. "Business is picking up and more companies want great detail about potential clients and possible ventures. Additionally, as more businesses take advantage of the weak dollar and expand their export channel, they want to assure themselves of the solvency of their clients, especially in this increasingly volatile global market. "There are pressing questions concerning payment schedules and corporate stability."
Basichis pointed out that conversely, foreign businesses are also ordering business credit reports and background checks on American companies to be sure they can expand adequately to meet orders and delivery schedules.
"In some ways it's the wild west out there with the global economy expanding at a rapid clip. While there are few guarantees in a changing economic model, relevant background checks and corporate credit reports are cost effective ways of diminishing the obvious risks found in both the domestic and global trade. Business need to know as much as they can about the criminal and civil records of corporate principals. Corporate credit reports help determine if the company they are trading with has a shaky payment record."
Basichis noted business research serves an added purpose. With renewed interest in Mergers and Acquisitions, there is the added risk of partnering with the wrong interests. He noted while each country has legal constraints on the background searches that may be conducted on their citizens, every bit of information may reveal additional risks to any merger or acquisition.
“Corra Group is always looking for new sources for personal and corporate information,” said Basichis. "As the global economy continues to improve and as the weak dollar affords American corporations the ability to ramp up their exports, we try to provide international entities with cost effective research tools to improve their trading relationships. Sourcing global information is always a work in progress. "
About us: Corra operates as Corra Group and specializes in pre-employment background checks, business research, and corporate investigation. Corra Group services companies throughout the United States and around the world. It is one of the few companies that will answer the phone. View us at http://www.corragroup.com