If you want to know the details, you can see the specific number by looking at the table that appears at the end of the report.
The payment information is basically numbers and amounts, so it is not possible to know a specific supplier and delay status by invoice. The reason for not describing the details is to make it easy for a company providing payment information to provide CS with information. For reference, about 7,000 companies provide payment information in CS and about 250 million payment information is collected annually.
Payment information is an important item in overseas credit management, some companies may even emphasize more than financial statements.
The advantages of payment information over financial statements are the following two points.
(1) Latest Information
(2) No manipulations
(1) Latest Information
It takes time for financial statements to be updated in credit reports. For example, if the fiscal year of a company ends at the end of December, it will be reflected in its credit report three months later at the earliest and it may take more than six months depending on the country.
However, since payment information is updated daily, it is possible to know the current financial position of the subject.
(2) No manipulations
Manipulation could be a major problem even in the financial statements of listed companies. The credibility of financial statements of unlisted companies that have not been audited is in doubt.
On the other hand, payment information is obtained from the suppliers, it cannot be falsified by the subject.
We can know the true payment situation of a company.
