Altus Global Trade Solutions (Altus GTS), a full service accounts receivable management agency, has launched its new Trade Data Reporting service. Clients can now report their customers’ payment activity to the three major commercial credit bureaus, Dun & Bradstreet, Experian and Equifax, through Altus’ easy-to-use online portal. This valuable service is offered at no charge to Altus clients.
Reporting trade data provides leverage for Altus clients. When customers are aware their payment activity is being reported, they are less likely to default on a debt. Companies that pay on time are rewarded with positive feedback on credit reports, which improves their credit rating.
“Everyone benefits from reporting payment history,” said Cliff Sanders, the executive vice president of business development and marketing at Altus. “Our goal is to strengthen the industry and reporting trade data is a great way to foster accountability and incentive in the marketplace.”
Trade data reporting also reduces credit reference calls, increases cash flow and identifies debtors that still have the ability to pay. Data contributors can better manage their portfolio with complimentary monthly management reports from Experian and collection priority reports.
“Reporting to all three major commercial credit bureaus can be a tedious and time-consuming task for any company,” said Tom Brenan, Altus president. “However, we’ve worked hard to streamline the process and make it easy and efficient for our clients.”
To learn more about Altus’ Trade Data Reporting or to set up your account, visit: https://trustaltus.com/trade-data-reporting/
As a member of the Natixus network, Altus provides commercial debt recovery services to more than 100,000 customers in the United States and abroad. The company is a comprehensive, full service receivable management agency offering receivable management outsourcing, domestic and international commercial collections, audit collection, and business receivable management training. Altus is fully licensed and bonded in all required jurisdictions. The company is a member of the Commercial Law League of America, the Commercial Collections Agency Association of the Commercial Law League of America, and a member of the International Association of Commercial Collectors.
Founded in 1994, Altus is headquartered in Kenner, La., with branch offices in Colorado, Washington and New Jersey. Visit us at www.TrustAltus.com.