Balt Risk starts its activities on the Baltic market. Basic services – debt collection and credit information provision.
Implementation of the specialized debtor payment administration system. Constant increase of the information amount in the data base and service quality upgrade. Credit histories are available in on-line mode.
Widening of the service range. Possibility to monitor on-line the solvency of customers (E-monitoring) and to receive reports about the debt collection procedure (E-report).
We continue working in order to create full credit management service package. Tools for credit protection based on the use of Balt Risk trade mark. Creation of information portal. On-line information on solvency of the companies, court claims and other officially registered events. Start of the project aimed at IT business system creation.
Full range of credit management services. Implementation of new information service portal version called RiskNet, including new possibilities to administer credit process. Creation of the RiskList Register. Reminder service for debt collection purposes. Implementation of the new customer service business system. International on-line credit reports.
Further functional development of RiskNet Portal and increase of information amount: total quantity of registered companies exceeds 100000. Developing and extension of the RiskList Register. Elaboration and implementation of the payment administration service.
Main achievements during these five years:
- We are one of the leaders in the sphere of credit management in the Baltic area.
- We have elaborated debtor payment administration system, which provides the highest recovery rate on the Latvian market.
- We own the biggest debtor database in Latvia – more than 100 000 companies.
- Through combining our data base with innovative web-oriented technologies and wide range of information from external sources we have created RiskNet – first and the only one on-line credit information portal in Latvia.