SIMS Business Systems

Why is Credit Worthiness and Financial Strength so Important?

Customers

Vendors

A financially weak company experiences a whole host of problems that eventually
become your problem.

Credit hold on parts and supplies.

Forced to cut support/service staff.

On going training stops.

Delays on service and parts.

No longer a contact person.

Key personnel leave.

Corners are cut that affect you.

Prepaid service contracts not fulfilled.

3rd party lease commitments must be met by the customer regardless if Dealer is non-performing.

Strong possibility Dealer goes out of business…Customer is left holding the bag.

Creditworthiness
Likelihood this company will experience financial distress in the next 12 months	Low	Likelihood this company will not pay on time over the next 12 months	Low
Financial Stress Class:	1	Credit Score Class:	1

Payment History and Trends
Timeline of historical payments for this company**
Industry Benchmark:	PROMPT
D&B Payment Index:	80
Public Filings
Evidence of bankruptcy, fraud, or criminal proceedings in the history of this business or its management			NO
Noteworthy special events in this company’s file			NO
Total number of suits, liens and judgments in this company’s file			0
Value of open suits, liens and judgments for this company			0
Summary
Likelihood this company will experience financial distress in the next 12 months			Low
Likelihood this company will not pay on time over the next 12 months			Low
Better Business Bureau
In such a service oriented business, it is more than likely to receive some complaints, it seems to generally go with the territory. Sims Business Systems has NEVER received a single complaint!