Every year, around 15,000 UK businesses become insolvent, leaving behind an average of £205,000 in unpaid invoices. If an insolvent customer owes you money, there's a strong chance you may never recover it, leading to bad debt and significant revenue loss that can devastate your business. Unfortunately, most business owners don’t realize their customer is at risk until it’s too late.
Red Flag Alert helps protect your business by providing accurate financial health ratings that predict insolvency risk. Their powerful insights allow you to monitor the financial stability of your current and potential clients and suppliers, enabling you to take proactive steps if a customer's risk level rises.
Red Flag Alert provides in-depth insights into the financial health of your customers and suppliers, empowering you to make smarter decisions. By leveraging their business intelligence, you can speed up procurement processes, streamline supplier onboarding, and confidently select the right suppliers. The platform also helps protect your business from the risks of bad debt by enabling you to conduct due diligence on any company you work with.
Through their proprietary Creditor Services Data, they offer a comprehensive view of company finances, helping you assess credit risk and set appropriate terms. This enables you to take action where necessary, protecting your interests from financially unstable or potentially corrupt organizations.
Red Flag Alert is more than just a financial risk management tool—it’s also a powerful resource for sales and marketing teams. With data on over 350 million companies across 163 countries, their B2B Prospector Tool uses over 100 filters to help you identify your ideal customers and target the right leads.
The GDPR-compliant database includes contact details for more than 20 million key decision-makers in the UK, enabling your sales team to connect with the right people directly. With seamless CRM integrations, you can easily feed this data into your system for instant access to high-quality leads.
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