Philip Woodgate has a great story about credit issues for UK SMEs. Credit management just doesn’t seem to get any better does it? Which prompted a thought stream.
Equifax and Experian both offer credit related services but they don’t go near far enough. As a customer, I want a logo I could put on my web site that tells readers my credit rating. That’s an attention and trust thing.
Addendum – in comments to Philip’s original post, Philip added this:
They would need a link back to the genuine site, perhaps something like Technorati were you can see the blogs ranking. Instead you could see statistics on the company’s credit rating. The good payers would sign up and the bad ones would stay clear. The information would be a comfort to the SME and best of all it would be free. The potential trickle down impact of reducing payment days would be a massive help to start ups; as we know it’s all about cash for them not paper profits.
What a stunning idea.
Technorati Tags: innovation, credit management
