Test the financial health of 3 companies

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Checking your customers’ creditworthiness not only means knowing whether you will be paid, but also developing your business with trusted partners and limiting the risk of non-payment. When the creditworthiness of one of your customers is impaired, you will need to review your payment's terms and conditions, possibly request additional guarantees or partial/full advanced payment upon order placement. If your customer is solvent, you can give them more flexibility and do more business with them. You can also check the creditworthiness of new customers which will allow you to develop new markets while limiting risks.