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SOLICITORS GAIN INSTANT ACCESS TO ONLINE BUSINESS REPORTS, COMPLETE WITH BUSINESS EDUCATION LIBRARY

London, January 29 2004 - Leading information provider, Equifax, is bringing solicitors a powerful new tool with the launch of its new online business reports service, Findout. Developed with solicitors specifically in mind, Findout offers instant access to a wealth of commercial information to help them to know their customers and protect their reputation. Using Equifax’s extensive database on over 4 million companies and businesses, Findout provides knowledge, power and protection at the click of a button.

In addition, Findout offers a unique, comprehensive and free business education facility, providing detailed information on a range of subjects from company accounts and credit limits, to explanations of business terminology and advice on how to avoid fraud.

What’s more, Findout offers a free search facility, for a quick and easy way to check that a company, business or director exists.

Know Your Customer and Avoid Fraud
With a comprehensive range of reports that include details on directors and shareholders as well as information that will help them to establish the legal identity of a company, Findout can help solicitors to get to know their clients in the depth required to protect their reputation, avoid fraud and take steps towards compliance with anti-money laundering guidelines.

Enhanced Client Services
Through Findout, solicitors can also enhance the level of service they offer their clients. With online access to a wealth of company information, including Companies House documents, Findout enables solicitors to retrieve vital business information on behalf of their clients, instantly.


Avoiding Bad Debt
Avoiding bad debt is crucial to the success of all businesses. Through Findout, solicitors can quickly and easily check the financial standing of their clients online and thereby protect themselves against bad debt. In a single report, they can access detailed and essential financial information on their clients, including a credit profile.

What’s more, solicitors can use Findout to check the credit standing of their own business and make sure there is no information registered against it that they are not aware of.

Easy & Convenient to Use
In addition to the range and depth of information offered, Findout is quick and easy to use. Reports can be bought by credit card following a simple registration procedure and there is no need for monthly subscriptions or bulk buying, so solicitors can conduct one off checks as and when they need them.

Michael Shannon, Managing Director, Equifax comments: "At Equifax we have a deep understanding of the risks and pressures that face all businesses today. Findout has been developed to empower solicitors and help them effectively manage risks, enabling them to operate efficiently, safely and profitably. The range and depth of our data, together with our experience and expertise in business information and financial analysis means that we can provide solicitors with the power and knowledge they need to make informed and intelligent business decisions."

For a range of businesses, from business owners wishing to avoid bad debt, accountants and solicitors needing to authenticate their clients, to estate agents letting commercial properties, Findout offers a quick, easy and effective way to manage their business interests.

• Ends *

January 2004