Commercial finance brokers or lenders face a myriad of challenges. If they lose a client to insolvency, it’s a disaster—the broker’s reputation is in tatters and the lender is out of pocket.
Plus, they need to comply with a myriad of AML regulatory requirements. If they don’t, they could face a fine or even prison.
Red Flag Alert’s business intelligence platform helps commercial finance brokers and lenders make better decisions by allowing them to accurately assess each company’s credit and AML risk. It also allows them to increase their revenue by identifying businesses that are most in need of financing.
For business development teams this level of insight can be helpful when preparing pitches for new opportunities. For example, it is invaluable when generating deal flow in the M&A space; being able to advise on acquisition targets in depth can help M&A departments win projects and keep their deal flow high. It is just as effective at enabling the sales team of an insurance broker to segment the market into businesses which have a particular type of risk profile.
We provide commercial finance lenders and brokers with the following benefits:
Red Flag Alert provides detailed data on 350 million companies in 163 countries. This can be filtered by over 100 different data points, allowing you to search for companies that are likely to need finance.
We provide an accurate financial health rating for every UK business. By making these health ratings part of your data filter, you ensure that you only approach financially sound companies.
Our data is updated in real-time, meaning you’ll know if your clients’ financial position starts to deteriorate and giving you time to act.
Our portfolio management tool allows you to monitor the financial health of your customers at a glance and get custom alerts, so you won’t miss insolvency warning signs.
Our self-service digital ID checks allow the customer to verify their identity using their device. It’s fast and convenient, meaning the customer gets their money quicker.
With new economic measures to tackle financial crime being continuously introduced in the UK, your organisation should ensure it's using up-to-date data to manage risk and perform due diligence.
“We were looking for a partner to enhance the data offering to our clients, and Red Flag Alert have done just that. They understood our business, our culture, and our aspirations for the future. We’ve seen some great feedback on our integration, and we are very happy with both the solution and team at Red Flag Alert.”
Rob Mead
Strategic Software Projects Director
“We use the search tool to identify businesses in specific geographic areas, with the right number of staff, the right turnover, and a low risk of non-payment. Now we have experienced the benefits of Red Flag Alert, we could not be without it.”
Mark Bryan
NSL Telecoms
“From a business development perspective, our brokers are benefiting greatly from the additional information that Red Flag Alert supplies – we’re able to zero in on ideal prospects and build effective marketing lists.”
Ben Robert-Shaw
Power Solutions UK
Financial organisations can utilise Red Flag Alert's data in a number of ways including to find prospects, perform due diligence, stay compliant and reduce risk. Booking a free trial will allow you to discover our full suite of tools available:
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