We reviewed the best business credit monitoring apps to determine which offers the most value to small and medium companies.
FairFigure stands out by a mile, thanks to its tri-bureau capabilities and strong reporting tools. With an affordable price, it delivers exceptional value.
That said, an alternative tool might suit you better depending on your personal circumstances.
1) FairFigure
FairFigure is an industry up-and-comer fully equipped with strong small business credit monitoring and building tools.
Its user-friendly, centralized dashboard displays the FairFigure Foundation Report. This pulls in tri-bureau (Equifax Business, Creditsafe, and Dun & Bradstreet) data, plus other data, to prove an instant overview of your business credit health.
The business credit check tool keeps tabs on major bureau scores, so you instantly know what risk your business presents to reporting agencies.
With the unique Business Credit Corrector, the app scans your business credit reporting data from all three bureaus (plus FairFigure’s report). This quickly reveals credit account issues and inaccuracies, allowing you to fix them before they negatively impact your business.
FairFigure also includes a darknet scanner to protect your business from malicious attacks.
We love that this app reports your subscription payments to credit bureaus as a vendor tradeline.
Combine that with the FairFigure Capital Card and FairFigure Lift credit builder account (no credit checks or deposit required) with their additional tradelines, and you have a powerful way to build your business credit scores.
The personalized AI podcasts are also beneficial. They deliver monthly actionable insights, including a breakdown of your financial health and guidance on how to improve it.
FairFigure costs $35/month and is perfect if you need an all-in-one tool for a single, affordable price.
2) Equifax Business Risk Monitor for Small Business
Equifax Risk Monitor comes directly from one of the major bureaus, meaning you get access to pure source data.
The tool features real-time monitoring, sending alerts whenever it detects any new activity, such as inquiries, Equifax score drops, and so on.
Not only can you monitor your own business, but you also get unlimited credit reports for other businesses monitored by Equifax.
That means you can keep your entire portfolio in check.
Additionally, a Business Credit Industry Report is available for a one-off fee of $49.95.
For this, you get a complete company overview, including financial and non-financial data points. For instance, you can view credit balances, severity risks, and the types of debts and liabilities carried.
The report is most useful for carrying out due diligence on potential vendors, customers, or partners. By assessing their risk upfront, you will quickly see if they are the right fit for your business.
Bear in mind that Equifax only uses its own data and will only give you your Equifax score. So, using this tool alone may mean you miss important information reported to other bureaus.
Yet at $19.95/month, it is a low-cost choice if this credit score matters most.
3) Creditsafe Company Monitoring
Creditsafe Company Monitoring features comprehensive tools for real-time monitoring. And it’s one of the best apps if you require cross-border/global business reports.
Its chief purpose is to assess vendor or partner risk (although you can certainly use it to assess your own business credit). As such, it’s primarily used by businesses that need to consistently evaluate their customers and/or suppliers.
Creditsafe’s monitoring spans 47 countries and automates the assessment process. Meaning you don’t have to constantly dig into company reports to access information.
For instance, you can check if the company you work with is creditworthy. And metrics like Days Beyond Terms give you insight into when you are likely to receive payments.
Each report includes a business credit score and a suggested credit limit — all of which are endorsed by leading insurers.
Besides your own portfolio, Creditsafe also allows you to analyze your competitors. By staying informed about their credit report changes, you can respond accordingly.
Creditsafe tailors its pricing according to your business size and needs and only uses its own data (it’s not tri-bureau).
However, it’s a sound option if you have international dealings or work with a large number of business partners.
4) D&B Credit Insights (Dun and Bradstreet)
D&B Credit Insights is offered by the major bureau that provides the crucial PAYDEX score and D-U-N-S number.
Its Credit Insights tool provides you with in-depth data for your D&B scores and sends real-time alerts when any changes occur.
For example, the app will consistently monitor your PAYDEX, Delinquency Score, Failure Score, Supplier Evaluation Risk, and D&B rating. You also get a maximum credit recommendation, so you know how much funding you can potentially ask for.
The tool also uses historical data to highlight credit score trends and provides a detailed payment history, which you can analyze to spot and remediate issues.
Darknet monitoring comes courtesy of Flashpoint and helps keep fraudulent activity at bay.
We particularly like the benchmarking feature that enables you to compare and review your score against up to five other companies. These insights arm you with the right information to outrun your competitors.
Also useful is the ability to see who has been inquiring into your business information, allowing you to spot new opportunities.
Like other big players, D&B is not a tri-bureau, but its data is essential if you operate in government and corporate contracting.
D&B offers a basic free tier and paid plans cost $49/month – $149/month.
5) Nav
Nav is considered the industry leader among business monitoring apps with tri-bureau plus FICO SBSS data and scores.
It offers an easy-to-read dashboard and includes your business and personal credit scores, removing the need to use separate tools.
In fact, you can add up to six credit profiles (any combo of biz and personal) and get pinged in real-time when changes or updates occur.
The app uncovers factors that are impacting your credit score – both negative and positive, giving you insight into what to do to improve.
Nav offers a free plan with basic reports and alerts, but the best features come with Nav Prime, particularly if building credit is a main priority.
The membership provides you with tradeline reporting for your monthly payments, along with the Nav Prime Card that gives you up to two additional tradelines.
Additionally, the app can match you with credit card companies and lenders that you are most likely to be approved for.
Other features include a dedicated business credit coach, bookkeeping tools, and a business checking account.
The main sticking point is the cost. Plans start from $39.99/month, but many tools are locked behind the $74.99/month tier, making it expensive overall.
6) BusinessCreditReports.com
BusinessCreditReports is a bit of an outlier on this list because it doesn’t provide ongoing credit monitoring or an app. However, it’s gained its place thanks to the accessible and affordable reports that it offers.
Reports are generated à la carte and range from summary to comprehensive, with specialized reports available for suppliers and business owners.
Even the summary reports can be tri-bureau and come with credit guideline recommendations.
While BusinessCreditReports lacks real-time alerts, it’s a good option for checking other businesses (suppliers, vendors, customers, etc.). It’s also useful for an occasional deep dive before applying to lenders.
For instance, the tool comes with fraud flagging, which will tell you if a business is legitimate or not. And the free Decision Assistant provides customized recommendations on whether you should approve, review, or decline a business.
You also get a proprietary Credit Logic Score that tells you the creditworthiness of a business, and the MultiMax Credit Guideline, which recommends credit based on actual past behavior.
Reports cost as little as $8.75, and most comprehensive reports cost less than $50. So, it’s an affordable alternative if you don’t require constant monitoring.
Final Thoughts
The right business credit monitoring app ultimately depends on whether you need detailed bureau-specific insights or a broader snapshot that covers multiple credit scores simultaneously.
While we feel that FairFigure strikes the best balance between detail, coverage, and price, your final choice comes down to your business’s unique needs and priorities.
