Experian Japan Launches Business Information Monitoring Services

Experian Japan Launches Business Information Monitoring Services

Monitors US and Singaporean companies at a reasonable price

December 1, 2010 – Tokyo, Japan – Experian®, the global information services company, announced today that it has launched in Japan a new monitoring service of US and Singaporean businesses.

Existing credit screening of foreign businesses usually only provides a fixed-point credit report upon clients’ request.  However, in this continuously changing economic environment, it is crucial to be aware of the changes to business partners such as: client and suppliers, shareholders, employees, main banks, product lines, competition, litigation and current risks at target countries. Ongoing checks on such details are necessary to ensure stable business.

Monitoring services launched today by Experian provides a high-quality, long-term scheme that checks and alerts changes to crucial trade details of companies in the United States and Singapore at an affordable price. Businesses can prevent bad debt by proactively monitoring their trade situation. In Japan, this is effectively the first full-blown monitoring service on foreign companies, as existing services have remained in their test phase. For US businesses, this is the first kind of structured monitoring service provided in Japan.

Summary of Monitoring Services

[Target Countries] US and Singapore

Target country

United States

Service menu

  • DB-type credit report of the target company will be provided at application. Any information updated from the items below will be provided immediately upon change during the monitoring term as latest updates.
  • Changes to details of the target company (e.g. score, address, recipients of payment, credit data, legal filings) will be informed via email.
  • Target company’s credit search by other companies (details up to the company’s industry)
  • Daily bankruptcy and other credit information reports will be sent weekly.
  • Alert information will be distributed by email every Wednesday (Tuesday US time).

Data

  • Target company’s score, addres,, recipients of payment, credit data, legal filings
  • Target company’s credit search by companies other than the client

Pricing

Yearly fee for one company is JPY 26,250 (including tax).

  • Fees will be charged from the day the term started
  • Contract will continue for a full year, even if the target company went bankrupt

 

Target country

Singapore

Service menu

Any information updated from the items below will be provided during the monitoring term as latest updates. Initial report provided will be a Brief report.

Data

  • Updates to judgment filings (plaintiff/defendant, amount claimed, deliberation)
  • Updates to ACRA (Company name, operation term, company rule, description of business, address, branch open/close info, board member appointments, shareholders, discontinuation of business/transactions)
  • Payment history, debt management (upon change)

Pricing

Yearly fee for one company is JPY26,250 (including tax).

  • Fees will be charged from the day the term started
  • Contract will continue for a full year, even if the target company went bankrupt
  • JPY 5,250 will be additionally charged to obtain a fresh report for Singaporean businesses with no existing reports

About Experian Business Information
Experian’s business information is used by clients to help prospect for new commercial customers, to set the credit terms for new accounts and to manage existing account relationships. A typical business report will include a wide range of information, including company’s registration and ownership details, trading addresses, how quickly the business is paying its bills, a credit risk score, court judgments and a history of its financial performance.

Experian has a strong partnership with Sinotrust, the largest business information provider in China. As part of its Asia Pacific strategy, Experian started its International Business Report service in Japan from June 2009.  For more details, visit http://www.experian.co.jp/bi (Japanese)

About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to manage their credit relationships and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2010 was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.

For more information, visit http://www.experianplc.com or in Japanese, visit http://www.experian.co.jp

Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.

Contact information
Experian Japan K.K.
Eriko Kawamoto, PR and Marketing
Email: info@jp.experian.com
Tel: 03-5402-8800

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