Blue Book: A Critical Resource for Managing Credit Risk and Protecting Our Bottom Line

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As an Account Coordinator at Lange, Cindy Barrios understands the importance of managing credit risk and staying on top of industry trends. In this dynamic environment, having access to reliable and up-to-date information is crucial. That’s where Blue Book Services has made a significant impact on her work.  Cindy says, “Blue Book Services is quick accurate and informative”.

Cindy highlights the value of Blue Book’s tools, especially when it comes to vetting new customers. “When looking for new customers, I check the rating and claim activity to determine whether or not they will be good trading partners,” she shares. With Blue Book’s quick, accurate, and informative services, Cindy is able to make informed decisions about the reliability of potential customers. The company’s comprehensive data has become indispensable for her daily operations, from assessing market trends to researching new growers and shippers.

One of the most critical moments when Blue Book helped Lange avoid significant financial losses involved a customer who stopped paying according to their usual terms. “We turned to Blue Book to look at their score and noticed that it had declined drastically in the previous months. That was a red flag for us to stop selling to them immediately,” Cindy recalls. Sure enough, the company went out of business the following year, and without Blue Book’s insights, Lange would have been left with thousands of dollars in unpaid receivables. Cindy sums it up best: “I depend on Blue Book Services.”