Credit Reporting and Automated Monitoring Services

The Vendor is required to provide access to credit reporting services and automated monitoring services, on both national and international commercial business databases.
- The Agency currently administers a portfolio of approximately 1,500 to 2,000 commercial accounts and generally does approximately 500 to 750 new loans per year. 
- Credit verification is an essential aspect of the Agency’s due diligence process as it provides critical information on the business dealings of current and/or potential clients. 
- The monitoring services provide updates of the businesses’ credit information on a regular basis and serves as an alert if the company’s credit situation deteriorates and necessitates follow-up with the client.
- Credit Reporting Services
•    The Agency’s need for access to a wide variety of credit reporting, investigative and automated monitoring services for a portfolio of approximately 1,500 to 2,000 commercial accounts will require the Contractor to provide credit investigation and reporting services, with access on or off-line and available in both English and French, such as:
o    Verification of trade references, bank references and other information
o    Verification from multiple sources
o    Public record searches
o    Business principal data
o    Country credit reports
o    International reports.

- Contract Period/Term: 1 year