Lower your risks by…
Requesting the U-BP Number from your new customers
We start from the following principle, “What begins well, ends well.”
The credit-granting process in the freight transport industry for Mexican entities has few tools to support it when approving and establishing a business relationship with new clients.
64% of companies pay on time when they know there are consequences for not doing so.
37% of Freight Forwarders pay on time when they know their reputation will improve by doing so.
That is why we suggest that you include in your credit application forms a field to ask your new potential client for their U-BP Number (Universal Business Profile) of the Transportation Bureau for your clients based in the USA and Canada, and Buró del Transporte for those located in Mexico and Latin America, and provide them with the link so that they can look for it or request it if their company is not yet registered:
Transportation Bureau: https://transportation-bureau.com/busqueda-numero-ubp
Buró del Transporte: https://burodeltransporte.com/busqueda-numero-ubp/
What will I achieve by doing this?
Your new clients have been informed in a subtle way that you use the services of Transportation Bureau or Buró del Transporte.
With this single action, your new client is aware that your company reports its payments, and therefore it will give priority to your company when scheduling their payments.
Additionally, your clients will be more motivated to pay within their credit terms as they will receive a benefit from doing so.
The perception of your customers generates priorities in their day, and you want their priority to be paying your company in the agreed time.
The credit authorization review may be easier with more supporting elements.
If your company includes in its credit processes the verification of new clients in our database, you will undoubtedly be able to minimize the risks when denying service to a company that already shows a history of non-payment with other companies.
While the commercial profile includes general data such as address, telephone numbers, website, business line, R.F.C.(Mexican Tax ID), the following information will be useful when approving services:
- Executives, with title and email addresses
- Reviews made by other companies
- History of trading experiences