Equifax 2002 Annual Report Download - page 13

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The Equifax Small Business Credit
ReportTM gives lenders access to
previously unavailable banking and
lease payment information, combined
with trade credit history, maximizing
their ability to assess risk and make
informed lending decisions.
9
Products such as eIDverifier®
,PinnacleSM and
Bankruptcy Navigator Index®are helping cus-
tomers detect subversive or fragile financial
situations so that they can address them before
they impact the organization.
ANALYTICS FOR THE FUTURE
In the almost 10 years since we introduced
Decision Solutions, we have established a leading
position in the analytics and modeling field. We
have set the standard for custom and generic
models that help in managing lending risks and in
pursuing new market opportunities with greater
insight. We serve customers in such industries as
telecommunications, mortgage services and the
automotive industry who use these models in
tens of millions of transactions every year to
grow and manage their businesses more prof-
itably. As our information assets increase, along
with our level of technological innovation,
analytics will afford us the opportunity to add
even greater value to our data and design
additional customer-driven solutions.
A NEW GROWTH ARENA
Small businesses represent a major pillar of
the American economy. The more than 25 mil-
lion small businesses in the country make
up 99 percent of all employers and 52 per-
cent of the private workforce.* By creating
and continuing to build a proprietary database
– already 16 million businesses strong – Equifax
has introduced another industry first and is
poised to revolutionize credit reporting in the
commercial arena in the United States. In doing
so, Equifax has the opportunity to dramatically
impact credit grantors’ ability to make financing
decisions for small businesses, and, in turn,
enable financing for an essential growing
segment of the economy.
Equifax can now offer credit reports on small
businesses, similar to those that we offer on
individual consumers. This product is the first
in what is expected to be an expanding portfolio
of small business products – products that can
effectively tap into this market.
GLOBAL VALUE
The information services needs that Equifax
meets every day are not limited to the United
States. Indeed, over the past 12 years, we have
expanded our operations beyond the United
States and Canada to include 11 countries in
Europe and Latin America. Our commitment to
the global markets we serve remains strong
as does our outlook for growth on all fronts.
*Source: Testimony of Hector Barreto, Administrator, U.S.
Small Business Administration, before the Committee on
Small Business, U.S. House of Representatives, 2/13/02.