Newsletter D&B Newsletter No 3, 2009
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In D&B’s own ‘Oscars’ with over 32 countries taking part, D&B Sweden won a prestigious award: Best Improved Customer Satisfaction Score. This means we are the company in the D&B network that has raised its index the most in 2008. We are very proud to say that we have managed to increase customer satisfaction to 86%.
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On 27 May SAP Svenska held a well-attended breakfast seminar at the Clarion Hotel Sign in Stockholm, where it presented its new products for the spring. There was noticeably a clear focus on small and midsize companies.
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What is the market situation for engineering company Sandvik? Is there any difference in your risk assessment work now compared to times of prosperity? And what advice would you give? We put three questions to P-O Duvhammar, Global Credit Controller at Sandvik.
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Earlier this year, new Compliance Reports were launched to satisfy customers’ calls for information to help them identify their business partners. These reports are not only used by the organisations covered by legal requirements, but also by other companies that want to avoid their brand being harmed by doing business with companies on any of the sanction lists.
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The financial crisis has given rise to unique new methods for assessing creditworthiness. The global crisis has affected companies in different industries in different ways. D&B UK & Ireland has therefore changed its fundamental analysis method for credit ratings, to ensure that the rating better corresponds to the new economic conditions.
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Under German legislation, German companies that are part of a group can choose not to publish their accounts and instead include them in the Parent Company report as consolidated accounts. More and more corporate groups are taking advantage of this situation as a means of not publishing their accounts. Any such request for exemption must be decided annually by the shareholders and must also be stated in the consolidated report for the group.
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Pay up or pay the penalty. This is what the European Commission suggests. Paying invoices late is widespread in many parts of the world, including the EU. It is an onus on trade and industry and leads to liquidity problems and bankruptcies, with damaging socio-economic effects. The European Commission says that authorities and public administrations should set a good example and pay their debts on time, and thereby not contribute to making these liquidity problems worse.
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Every month we publish new examples of D&B’s comprehensive international information on our website. Here you can find analyses of three different countries that will help you with important information on the risks and opportunities associated with doing business in a specific country.
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We would like to finish by wishing you all a nice relaxing holiday.
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