Verify a Corporate Customer Before Granting Credit: A Companies Registry Workflow

Before approving B2B credit, begin with identity, not a risk score. A trading name can differ from a registered name, and sales may create two customer records for one entity. Collect the company number, registered name, billing address, authorized contact, and order details, then compare them with the documents supplied by the customer.

In the CRM, distinguish information verified from an official source, information declared by the customer, and internal assessment. A web search is not evidence of creditworthiness. A public register also does not replace a collections policy, security, manager approval, or a regulated credit review.

Automation can block credit terms when a company number is missing, create a verification task, and record who approved an exception. It should not decide that credit is safe. That requires internal policy and compliance with privacy rules and the conditions of the data providers used.

Source

Israel Corporations Authority