New Comprehensive Intelligence and Payment Service for Solo Attorneys and Small Firms
Experian is out with a new product to help small firms and solo attorneys quickly evaluate new clients for payment risk, monitor to see if risk changes, and collect past due amounts.
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The service is an online subscription service called BusinessIQ Express. It’s an all-in-one dashboard to help you quickly evaluate companies that are clients and prospective clients. You also get alerts if the risk of repayment changes. And in the event you are not getting paid, the tool helps you collect.
According to Adam Fingersh, senior vice president of Experian’s Business Information Services, BusinessIQ Express helps you “look for indications of financial stress in your clients.” So you can get paid … promptly.
What's interesting about this service is that allows attorneys and small firms to find intelligence on companies they may need to extend payment terms to without pulling a credit report.
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Another unique feature is the help it gives for collecting past due payments - like, skip tracing, writing collection letters and finding a collection agency. There's even record-keeping support.
Cost: For $99 per month (currently $750 if you pay annually in advance), you can evaluate and monitor up to 100 companies. There’s also the ability to register for free and get free alerts and to see part of the product’s functionality.
BusinessIQ Express is highly recommended by legal and business professionals and could be an invaluable, cost-effective tool for thousands of solo attorneys and small law firms.
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