“Simply put, more businesses are using businss credit reports to check out their new clients, before allotting any significant credit" said Gordon Basichis, Co-Founder of Corra Group. "Let's face it, nobody wants to get stuck with the bill."
Los Angeles, CA (PRWEB) February 22, 2012
Corra Group has expanded its services to offer corporate credit reports for businesses nationally and internationally. The corporate credit reports assist companies in evaluating the credit risks of new clients as well as older clients who had experienced tough times during the economic downturn.
“We are seeing the economy start to turn around,” said Gordon Basichis, Corra Group Co-Founder. “And with the economic rebound, more industries are ramping up as they are approached by new and existing clients in need of goods and services. But after a rocky couple of years, we are finding that many businesses are approaching new business much more cautiously than before the recession.
“Simply put, more businesses are checking out their new clients, before allotting any significant credit. After these difficult years, nobody wants to invest in production and then get stuck with the bill.”
Basichis noted that Corra Group has been approached by a wide range of industries, requesting business credit reports and other background checks, before moving forward. Some of the owners and managers have admitted that previously they were more causal in their approach to granting credit to their customers. But no more.
“It has dawned on a lot of managers that it is best to be proactive and that due diligence is money well spent,” said Basichis. “A few bucks up front can prevent a lot of grief in the back end when you find yourself left on the hook and chasing your money. That’s the worst spot you want to be.”
In addition to business credit reports, Corra Group a full complement of background checking services. The background screening service can conduct criminal records and civil records on a county and federal level, domestically. It can also conduct criminal records in most countries and civil records internationally where such research is allowable by law.
Business credit reports typically return in anywhere from two to twelve business days, depending on the country in which the business is located, and the turnaround speed the client requests.
“Corporate credit reports and related background checks are the most cost effective means of diminishing the obvious risks in trading on a global level,” said Basichis. “It’s crazy time out there, and while the economy is showing signs of recovery, the prudent business proceeds with caution. No one wants to get caught flat footed."
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