Credit Risk

Delivering transparency and building trust

Business Buyers UK partnered with Red Flag Alert for reliable, cost-effective data to increase transparency and trust in the UK market, overcoming previous provider delays

The Challenge

Partnering with Red Flag Alert gave Business Buyers UK reliable, cost-effective information to enhance the accuracy of their insights

The Solution

Partnering with Red Flag Alert gave them access to the powerful, reliable and cost-effective information they needed to enhance the accuracy of Business Bu

The Outcome

Business Buyers UK integrated Red Flag Alert, gaining a cost-effective solution to quickly launch their product after delays with their old provider

Industry
Financial Services
Location
Preston
Solution Used
Credit Risk
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The Challenge

Building trust with reliable data insights  

With a core goal to increase transparency and build trust within their user base and the wider business broker industry, Business Buyers UK needed a business data provider that could help them offer detailed, up-to-date information to their users.  

 “Part of our value, and the overarching premise on the Business Buyers platform, is that there’s a lack of transparency and dependable data in the UK market. We’re looking to plug that gap. We needed a reliable provider to partner with, to receive business data that we could pass on to hopeful buyers,” said Chris Rogers, Chief Technology Officer at Business Buyers UK. 

The organisation had previously explored other solutions on the market, and initially partnered with a large, well-known data broker, but found that the process was slow, costly, and riddled with barriers. The agreement simply did not suit a business of their size and agility. It led to them having to pursue costly and unnecessary certifications with a high price tag and accept restrictive terms and conditions that caused excessive delays. All in all, it was a very time-consuming process. 

“We went through a process of partnering with another provider. It was outrageous how long, slow and costly it was. After 5 months of them pushing more and more requirements, we just gave up.  It would have cost us tens of thousands to spin up the infrastructure that they wanted,” said Chris Rogers, Chief Technology Officer at Business Buyers UK. 

 After facing these roadblocks, Business Buyers UK needed a change. They wanted to work with a business that was responsive, reasonably priced, with good customer service. After some research, they turned to Red Flag Alert. 

 “We still needed a cost-effective way to get business data to resell it effectively.  Then, we came across Red Flag Alert. We hit it off right from the start and it’s been a really good experience. It has a great tech stack, and we can get timely access to everything we need. It has been very helpful,” said Chris Rogers, Chief Technology Officer at Business Buyers UK.   

The Solution

Multi bureau datasets from reputable sources

Red Flag Alert are perfectly positioned to offer companies like Business Buyers UK a seamless and efficient solution for their data requirements. Our comprehensive database is pulled from multiple trusted and historic sources, ensuring high-quality insights and providing that all-important transparency.

“Red Flag Alert stood out to us because you use a range of data sources, and your systems were accessible, with industry standard API integrations and always following industry best practices,” said Chris Rogers, Chief Technology Officer at Business Buyers UK.  

After an initial conversation with Red Flag Alert’s team, Business Buyers UK saw the potential for a strong partnership. The implementation process was quick and seamless, enabling Business Buyers UK to go to market with their product sooner than initially anticipated. 

“Any challenges we had, Red Flag Alert were very fast to respond,” said Chris Rogers, Chief Technology Officer at Business Buyers UK 

Red Flag Alert has been instrumental in helping us overcome the challenges we faced with other data providers. Their responsive team, accessible technology, and cost-effective approach have saved us both time and money. As we grow, we look forward to strengthening our partnership and making UK M&A more transparent

Chris Rogers

Chief Technology Officer

The Outcome

Clean and reliable data  

After previously suffering months of delays with their old data provider, Business Buyers UK was able to seamlessly integrate with Red Flag Alert and move towards launching their product. From us, they received a more affordable and scalable solution, with flexibility and future growth potential.   

“The shareholders and the board were happy with how lean it was to set up. Having wasted nearly six months with our old provider, there was genuinely a lot of happiness to get it finally sorted out as it meant we could launch the product quicker,” said Chris Rogers, Chief Technology Officer at Business Buyers UK 

As Business Buyers UK continues to refine its platform, they plan to leverage Red Flag Alert’s data to drive further market transparency. With a major marketing push on the horizon, the partnership enables Business Buyers UK to expand their offering and deliver valuable company reports to their users.   

said Chris Rogers, Chief Technology Officer at Business Buyers UK 

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