Understanding the Requirements for Credit Reporting Data

This information describes the credit agency's requirements for credit reporting data:

Agency	Credit Reporting Data Requirements
Experian	This credit agency requires that you: Include all customers, regardless of their balances. You can set a processing option to include customers who have a zero balance. This ensures that the system includes those customers who pay on time or have no open amounts. Specify an SIC (Standard Industry Code) for the company for which you are submitting data. Set up the SIC for the customer in the customer master record. Enter the four-character business code that you obtain from Experian in the processing options. Use a seven-character business code to describe the payment terms for the customer. To do this, set up a cross-reference between the three-character Payment Terms field on the user-defined codes list (03B/PT) and the Experian definition.
Dun & Bradstreet	This credit accepts data that conform to the requirements of Experian. Use the Experian credit reporting data program to process Dun & Bradstreet data.
CREDITEL	This credit agency has no special requirements.

Agency

Credit Reporting Data Requirements

Experian

This credit agency requires that you:

Include all customers, regardless of their balances. You can set a processing option to include customers who have a zero balance. This ensures that the system includes those customers who pay on time or have no open amounts.
Specify an SIC (Standard Industry Code) for the company for which you are submitting data. Set up the SIC for the customer in the customer master record.
Enter the four-character business code that you obtain from Experian in the processing options.
Use a seven-character business code to describe the payment terms for the customer. To do this, set up a cross-reference between the three-character Payment Terms field on the user-defined codes list (03B/PT) and the Experian definition.

Dun & Bradstreet

This credit accepts data that conform to the requirements of Experian. Use the Experian credit reporting data program to process Dun & Bradstreet data.

CREDITEL

This credit agency has no special requirements.