Cedar Rose Rolls Out its Full Range of Credit Risk Management Services in the GCC

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Cedar Rose has announced the launch of its comprehensive range of award-winning Credit Risk Management tools and services across the GCC. With a strong global presence Cedar Rose has been at the forefront of providing world-class business intelligence and credit risk solutions in over 230 countries to leading firms since 1997. Now to support its growth in the GCC and serve its clients better in the region, the company has stepped up its operations with an expanded facility in Dubai.

Antoun Massaad, the Co-Founder and CEO of Cedar Rose, stated, “We are delighted to expand our footprint with a stronger presence in the GCC at a time when companies need our services more than ever. Credit management is a vital component for any business to thrive regardless of its industry or size, which is why adequate risk mitigation is extremely important. The economic damage of COVID-19 pandemic has created an environment where thousands of businesses worldwide are facing severe financial difficulties and are, therefore, unable to pay their invoices or cover their debt. Businesses are therefore struggling to assess and analyse their continuity plans for the years ahead to ensure their survival. Whether a company is dealing with customers who are late to pay invoices or individuals who default on their loans, managing risk is a critical part of business operations.” 

Talking about Cedar Rose’s Credit Risk Management services, Antoun added, “At Cedar Rose we provide a broad range of useful tools and services to help businesses manage their credit risk better. These can either be downloaded from one of our ready-made reports straight from our database of over 126 million companies or can be ordered as a fresh investigation to uncover detailed information on new businesses. What is important to remember is with a Cedar Rose credit check, businesses can rest assured all data is accurate and verified, giving them the information they need to make better business decisions.”

Failure to settle payments not only inhibits the capacity of SMEs to survive during a crisis but also makes any recovery post-crisis very difficult by presenting long-term damages to the supply chain. 

According to the Federation of Small Businesses (FSB) latest studies, 62% of small businesses are still dependent on their pending income which they haven’t earned yet.

Antoun said, “In the United Kingdom alone, late payment for smaller businesses has affected around GBP 23.4 billion worth of invoices. Globally, of course, the issue is more serious with the ongoing crisis. Around 23% of small businesses in government supply chains have faced frozen payments while 39% of small businesses supplying the B2B sector have had to deal with a halt in payments.  Therefore, conducting a detailed investigation of both new and existing customers or third-party business partners with comprehensive Know-Your-Customer (KYC) and Anti Money Laundering (AML) processes will ensure your company’s financial interests and reputation are protected. These checks also help to ascertain your associates meet the requisite compliance standards and often uncover crucial information to help you make more informed decisions.”

Downloaded reports from Cedar Rose are instantly available in HTML from as little as EUR 15, with clearly visible dates of data fields shown in the search results. With a fresh investigation, a company can get a 1 to 10-day turnaround with competitive pricing as low as EUR 60. This provides organisations and individuals with the most up-to-date information available, covering over 230 countries worldwide. Once onboarded, sufficient credit risk management involves maintaining updated information, conducting regular analysis, checking a company’s financials, and keeping track of payment behaviour.

About Cedar Rose:

Established in 1997, Cedar Rose has been at the forefront of providing world-class business intelligence and credit risk solutions to leading firms in over 230 countries globally. 

Known for accuracy, reliability and quality, Cedar Rose is specialised in offering a comprehensive array of Credit Risk, Compliance and Business Data solutions (being the holder of the largest single database and information of companies, shareholders and directors in the MENA region). 

Through continuous innovation, investment and development of talent and technology, the firm’s primary objective over the last 24 years has been to raise the quality of credit risk, compliance and regulatory services in the MENA region to the highest international standards. Partnering with their clients, Cedar Rose helps companies mitigate the regulatory, operational and reputational risks associated with their business.

Cedar Rose has been recognised with several prestigious awards and accreditations including Credit Excellence Award for Export and International Credit and Collections for three consecutive years – 2016, 2017 & 2020; European Business Award – 2017 / 2018; and Commercial Credit Information Provider of the Year Award sponsored by Experian – 2019.