Open Book Ben is an alternative to a traditional business credit bureau. They are building an on-line community where small and medium-sized businesses (""SMBs"") collaborate and share creditworthiness and other business intelligence. The system is in Beta. Several financial institutions and other companies are using it. Their feedback is below.
BEN is democratizing access to creditworthiness and other types of important business data. Why SMBs struggle with nearly every aspect of business credit. The existing credit bureaus often fail to score SMBs accurately. Some small firms do not even show up in their databases. And since there is no affordable solution for business credit data, SMBs suffer huge write offs - $64 billion last year.
BEN has solutions for each of these problems as discussed below. Their platform is an attractive alternative to the credit bureaus. BEN also offers powerful marketing and lead gen tools. They also offer a greatly-needed SMB supply chain tool. Their ""Vendor Worth"" scoring helps SMBs assess the quality of B2B vendors.