WOLSELEY UK CHOOSES EQUIFAX TO PROTECT ITS BUSINESS
Contract Win for Equifax Commercial Information Services
London, May 25 2004 – Equifax Ltd announces a new contract win for its Commercial Information Services Division. Under a two-year contract with Wolseley UK, Equifax will provide the construction supply company with its Equifax Portfolio Monitoring Platinum Service. Using this web-based service, Wolseley UK will be able to not only credit check their new business customers but also monitor any changes that may affect the financial standing of their existing customers – and all for a competitive fixed fee.
Wolseley UK sits at the heart of the construction supply chain, providing the widest range of construction products and materials available in the UK through over 1,400 branches of Plumb Centre, Build Centre, Pipe Centre, Drain Centre, Climate Centre, Hire Centre and Parts Centre. The company is unique in terms of the range of its customer base - from the self-employed to the governments and multi-national businesses - and the vast scale of its supply chain operation. The vetting and monitoring of business customer accounts it vital to its financial success.
The Equifax Portfolio Monitoring Service provides a cost effective and easy-to-use method for businesses to protect themselves from the risk of bad debt. An online service, the system can be used to credit check new customers on account opening and can be tailored to the individual needs of the business, monitoring only those areas of the financial information that are important to it. In addition, by providing a snapshot of the information required, it removes the need to spend time analysing detailed reports.
Matt Neville, finance director of Wolseley UK, says: “We have a had a successful working relationship with Equifax for some time now and chose its Portfolio Monitoring system because it is easy to use and offers a high level of flexibility for our specific account opening and monitoring needs. The quality of Equifax’s data and the fact that it could offer the complete service on a fixed fee basis were also important factors in our decision to use this service”.
Nick Frazer, commercial sales directorof Equifax comments: ”Wolseley UK is an established Equifax customer and it has chosen to continue to work with us because we can provide the range, depth and quality of data it requires, together with a high level of customer service - and all at an affordable price.
“This contract is a testament to the quality and flexibility of our commercial information products and the professionalism of our sales and customer service teams. Our Commercial Information Services are going from strength to strength and this success is going to be the first of many in 2004.”
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