Enterprise credit report is an important instrument reflecting the credit status of enterprises, which has important reference value for the operation and management of enterprises, credit transactions, investment and financing and other activities. However, the enterprise credit report is not static, with the enterprise's operating conditions, market environment, policies and regulations and other factors changes, the enterprise credit report also needs to be updated regularly to maintain its authenticity, accuracy and timeliness. From the perspective of consulting companies, this paper analyzes the necessity, frequency and methods of updating enterprise credit reports, and shows the actual effect of updating enterprise credit reports in the light of the specific cases of Shangpu consulting service customers.

Enterprise credit report is a comprehensive record of all kinds of economic activities of enterprises, reflecting the credit status of enterprises, is the basic product of enterprise credit system. The enterprise credit report objectively records the basic information, credit information and other information reflecting its credit status, and reflects its credit status in a comprehensive, accurate and timely manner, which is the subject of information.“economic identity card”. For enterprises, having a perfect and excellent enterprise credit report can improve their competitiveness and influence in the market, enhance their mutual trust with partners, financial institutions, government departments and other parties, and promote their access to more business opportunities and resources.

However, the enterprise credit report is not static, with the enterprise's operating conditions, market environment, policies and regulations and other factors changes, the enterprise credit report also needs to be updated regularly to maintain its authenticity, accuracy and timeliness. If an enterprise does not update its credit report for a long time, it may lead to the following adverse consequences:

Distortion of information: Due to delays or errors in various sources of information, or the failure of the enterprise itself to provide the latest information to the credit bureau in a timely manner, there is outdated or incorrect information in the enterprise's credit report, which cannot truly reflect the current operation and financial situation of the enterprise. For example, a manufacturing SME in2019In 2010, we carried out technological transformation and product upgrading, improved production efficiency and quality level, and in.2020High growth rates and profit margins were achieved in 2011. However, due to the failure of the enterprise to provide relevant information to the credit bureau in a timely manner, resulting in its2021Was rejected when applying for a bank loan at the beginning of the year because the bank based on the enterprise2018The credit report at the end of the year judged its risk to be high.

Lack of information: due to the imperfection or lack of coverage of various information sources, or the failure of the enterprise itself to fully demonstrate its own advantages and characteristics, the credit report of the enterprise lacks some important information for evaluating the comprehensive strength and potential of the enterprise. For example, an Internet innovative SME in2020It won a number of national science and technology awards and patent certificates, and reached strategic cooperation agreements with a number of well-known Internet platforms. However, the failure of the enterprise to reflect this information in its credit report in a timely manner has led to its2021The difficulty in seeking venture capital at the beginning of the year was due to the fact that the investment institution was based on the enterprise.2019The credit report at the end of the year judges its innovation ability and market prospects are uncertain.

Backward information: Due to the inconsistent update frequency or untimely update of various information sources, or the failure of the enterprise itself to follow up changes in the market and policies, the information in the enterprise credit report does not match the current market and policy environment, and cannot accurately reflect the current opportunities and challenges of the enterprise. For example, a service-oriented SME in2020The year was severely affected by the new crown outbreak, resulting in a sharp decline in revenue and profits, as well as some overdue payments. However, the failure of the company to adjust its business strategy and financial planning in a timely manner has led to its2021At the beginning of the year, the application for government support policy was rejected because the government based on the enterprise2020The credit report for the first half of the year judged that it was not eligible for preferential measures.

In summary, the need to update the corporate credit report is self-evident. So, how should the enterprise credit report be updated? Generally speaking, the frequency and method of updating the enterprise credit report depends on the following factors:

The business status of the enterprise itself: If the enterprise often has major business events, such as financing, mergers and acquisitions, restructuring, expansion, transformation, etc., or frequent business risks, such as debt, litigation, penalties, etc., you need to update your credit report more frequently to reflect your latest situation in time. If the business is relatively stable and no major changes have occurred, the update frequency can be appropriately reduced.

Update cycle of information sources: different types of information sources have different update cycles. Generally speaking, the update cycle of basic information, financial information, administrative punishment and other information is long, which may take one year or six months to update once; while the update cycle of credit information, litigation information, media public opinion and other information is relatively short, which may take one month or one quarter to update. Therefore, enterprises need to arrange their credit reporting update time according to the update cycle of different types of information sources.

Changes in the market and policy environment: The impact of the market and policy environment on corporate credit reporting cannot be ignored. If the market and policy environment has undergone major changes, such as intensified market competition, the introduction of industry norms, tax incentives, etc., you need to update your credit report in a timely manner to adapt to the new market and policy requirements. If the market and policy environment is relatively stable and there are no major changes, the update time can be extended.

In short, the frequency and method of updating enterprise credit reports should be determined on a case-by-case basis, and there is no fixed standard. However, in general, it is recommended that companies update their credit reports at least once a year and make timely adjustments in the event of major business events or market policy changes.