DUBLIN--(BUSINESS WIRE)--The "Global Credit Referencing - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.
According to the report, one of the key growth contributors for the global credit referencing market is the growing need to prevent fraud. Further, the report states that a major challenge experienced by the buyers is the difficulty in identifying theft or fraud.
The report provides actionable insights to improve source-to-contract cycle performance in the Global Credit Referencing Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
One of the emerging market trends is to prevent fraud. CRAs collect useful information about consumers. The level of information captured and provided by these agencies varies across firms but essentially helps bankers and lenders in effectively minimizing fraud instances. Sharing of credit information of customers across financial institutions aids in the selection of a better profile of borrowers, enabling easy distinction. Delinquent customers tend to use different accounts or create fake accounts to mask such default transactions. CRAs provide valuable financial information such as records of bankruptcies, payment defaults, and repossession order history. This helps financial institutions identify borrowers that are likely to default again.
- Dun & Bradstreet
Key Topics Covered
Part 1: Category at a Glance
Part 2: Scope of the Report
Part 3: Market Insights
Part 4: Supply Market Insights
Part 5: Pricing Insights
Part 6: Procurement Insights
Part 7: Top Five Suppliers
For more information about this report visit https://www.researchandmarkets.com/research/dwtqjs/global_credit?w=4