Benefiting from the opening of markets within Europe and overseas, world-wide business has experienced substantial growth. As business grows so does the demand for business information, in
particular, intelligence for cross-border business activities.
In 1973, leading European credit information agencies joined forces to form the Federation of Business Information Services FEBIS (initially known as FECRO), with its registered office in
Frankfurt. Today, FEBIS has developed into a sizable organisation comprising more than 60 full Members from all over the world involved in providing Business Information and Debt Collection
services of National and International importance.
Supported by a combined workforce of more than 20,000 staff, FEBIS Members generate over 180 million Business Information and Consumer reports annually for over 500,000 organisations, providing these clients with invaluable business support. Aggregate sales turnover of FEBIS Members is in excess of €2.5 Billion
As the industry association, FEBIS strives to look after common interests of its members. While monitoring new legislation like data protection laws and insolvency laws, FEBIS also oversees and the application of public sources and information.
Business failures in Western Europe reached a record high of 220,000 in the 1990s and while the early years from 2000 to 2007 showed a decline in Business Failures, 2008 showed a return to record levels once more.
Exporters face increased risk as they venture upon deviant legal requirements, regulations and economics conditions of different jurisdictions. The demand for business information grows. A
typical example is the rapidly increasing need for reports on Eastern Europe.
Information relating to a company’s financial standing and ability to meet its obligations is a priority consideration for any business transaction. FEBIS, information gathering and storage is a
purpose-oriented process. It is conducted with the highest level of professionalism, employing advanced technology, to ensure high accuracy, freshness and coverage.
Clients may interrogate business information agencies on-line or by more conventional means.
Data is gathered from public sources, such as company registries, press and courts. Complementing this are the agencies’ internal information gathering initiatives, such as direct interviews or payment pattern inputs from creditors. And to quantify business risks and ultimately reduce bad debts, our member companies have developed individual analysis systems. Serving a critical role in today’s commercial world, business information companies are contributing to the well being and transparency of the overall economy.
FEBIS appoints a Data Compliance Committee to investigate any breach of compliance by its Members.
Some FEBIS Members operate a debt collection service and as such comply fully with the Code of Conduct of FEBIS. The objective of this code is to achieve a high level of proficiency, lawful
service together with professional reputation and standards. FEBIS appoints a Compliance Committee to investigate any breach of compliance by its Members. Any debtor, creditor, third party or
FEBIS Members shall be entitled to complain in writing to the Compliance Committee about a breach of the Code of Conduct.
Marketing Information involves the targeting of new customers and understanding more about prospective clients. It is an effective way to boost new business both in domestic and export
Accounts Receivable Collection
Although bankruptcies cause the more apparent loss, late payments are also damaging to a company. Professional collection agencies offer the economics outsourcing alternative of accounts receivable collection. The service is flexibly adapted to the client’s need. This service also offers indepth expertise in cross-border collections.
As the European industry association, FEBIS strives to look after common interests of its members. While monitoring new legislation like data protection laws and insolvency laws, FEBIS also
oversees and the application of public sources and information.
“I am grateful for every meet in another country”
“The exchange with members gives me new ideas”
“In the lectures I collect new information”
“I am expanding my network with each exchange”
- Personal contact with our members
- Professional lectures for more success in your business
- Faster exchange of information worldwide
We are providing credit reports, debt collection, credit insurance and other services linked to business Information.
A combined workforce generate over 180 million Business Information and Consumer reports annually.