KRD: companies will download 36 million financial condition reports in 2019

Companies downloaded 26.3 million reports on the financial condition of contractors and consumers during the first three quarters of 2019, according to data from the National Debt Register (KRD). By the end of the year, this number is expected to exceed 36 million. As recently as four years ago, companies downloaded 27.3 million reports. The upward trend confirms that corporate awareness of risk assessment is increasing.
 
When it comes to checking companies in KRD, the latest available data (for the third quarter of this year) show that such information is mostly sought by other entrepreneurs (B2B). They account for almost 70% of reports downloaded from the KRD database. The remaining 30% of reports are downloaded by banks, insurers and leasing companies.
 
“Large companies check contractors before concluding a contract with them. In small and medium-sized enterprises this is not yet a standard. In many of them, wishful thinking dominates – although they are aware of the risk, they assume that nothing wrong will happen to them. Also, in many small companies the “screening” of contractors is seen as tactless,” said KRD president Adam Łącki.
 
(ISBnews)