London, May 2012 - Leading business information expert, Equifax, has been awarded a place on the new Government Procurement Service Financial Analysis framework agreement. Under this arrangement Equifax will be able to provide credit reports about businesses and companies to all public sector organisations.
The new deal, which continues a 4 year relationship between Equifax and the Government Procurement Service, means a wide diversity of public sector organisations will be able to assess the financial status of potential customers and suppliers at highly competitive rates, as well as monitor their on-going financial status.
The framework agreement, which was signed in March 2012 and is in place for two years, makes Equifax commercial data available to public bodies including central and local Government, Health, Devolved Administrations and the not-for profit sector. As Phil Disbury, MCIPS, Professional Service Category Lead for Government Procurement Service explained: “it gives public sector organisations important cost benefits as well as providing valuable checks on the businesses they use for provision of services.”
Central to the agreement is access to Equifax’s full range of commercial credit report services, including information on UK limited companies, non-limited businesses and directors for financial assessment and monitoring. Access to Equifax’s international credit reports service is also covered by the framework.
“Government Procurement Service recognises the importance of procurement in delivering high-quality public services and value for money” said Carly Newbury, Equifax Public Sector Services.
“Under this new agreement, public sector purchasers will be able to choose from our range of UK and international reports, enabling them to utilise fast, efficient and cost-effective access to information and analysis. This will enable them to make a detailed assessment of the credit worthiness and financial stability of prospective suppliers, enabling informed and confident procurement decisions.”
“We are delighted that the Government Procurement Service has chosen to continue its relationship with Equifax to offer this facility to public sector purchasers. We believe this offers an enhanced level of buying protection for the public sector and reinforces the value of Equifax’s data in offering a detailed insight into the financial status of businesses across all industry sectors.”
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Equifax is a global leader in consumer and commercial information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 18 countries and is a member of Standard & Poor’s (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more information, please visit www.equifax.com.
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