‘Without any doubt, payment on open account is the most popular method of payment, thereby remaining an element of risk for businesses’, said Rudolf Mayer, CEO of Bau Beton GmbH and head of the Viennese Committee of the Construction Industry Association (Güteverband Transportbeton).
Due to the fact that adequate insurance policies are not a real alternative as they are quite expensive, businesses are looking for new options to allow them to check the creditworthiness and the business status of their clients based on real-time and updated information.
Since data represent a major part of a trustworthy report, who would know more about its customers than the construction industry itself? The concept is quite clear: Austrian businesses across the industry exchange their information on payment behavior using the CRIF solution, which integrates all available data through an intuitive and user-friendly interface. With the goal of generating important and significant benefits for the Austrian market, CRIF’s innovative solution was jointly developed with Güteverband Transportbeton, and based on the specific needs of the construction industry. New customers can easily be assessed thanks to daily updated reports, whereas regular customers can be tracked with a monitoring tool which automatically sends notifications when any changes occur. Businesses will now be able to know their customers better and take informed decisions.
