Years of Progress - We Must be Doing Something Right!
1 year ago by Jack Evangelides

Years of Progress - We Must be Doing Something Right!

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20 years ago today, I sent out the first invoice for what is now Cedar Rose and was then called ABI Arab Business Information. It was for just £27 for a fellow credit report supplier who was based in London. Since then, so much has changed. In 1997, when our business began in the UK, the internet was a new phenomenon, email was not yet being widely used and our credit reports were sent out either in the post or by fax with a dial up modem! "Wireless" was still the name for the radio! Antoun and I were the only employees, he was doing research and producing the reports plus persuading new clients to try us out and I was running the office, dealing with clients on the telephone and by letter, sending the faxes, business planning, budgeting, book-keeping and credit control. Twenty years later, we are no longer based in the UK having left in 2004, but our business is thriving with offices in Cyprus and Lebanon. We currently employ around 30 people and have around 250 active clients in almost 50 countries. Cedar Rose now does much more than credit reporting - we provide Due Diligence, Electronic Identity Verification, Data Provision and Subscriptions to our database of almost 2 million companies and millions of individuals. Having always stayed on top of new technology, we can now offer our services via API or any other method our clients prefer. Our corporate clients include KPMG, Ernst & Young, Deloitte, many global credit reference agencies, export credit insurance firms and household brand names such as ABB, Facebook, Microsoft and Louis Vuitton as well as many global banks. In the past twenty years we have seen attitudes between East and West change enormously in the media, though to us, the people on both sides are still the same. In some ways technology has brought us closer together, in other ways it has torn us apart but we are more interdependent than ever before. Our specialisation in the #MENA region has kept us at the forefront of major changes and firmly recognised as experts in our field and some countries in the area are growing at an unprecedented rate, while others are sadly suffering from war and instability. That credit report supplier we invoiced in 1997 is no longer in the business, along with many competitors we have seen come and go along the way. In May 1997 we sent out just one credit report and in May 2017 we delivered around 2500 reports of various kinds including instant downloads from our website. Has it been an easy ride? No, not at all. But every obstacle carried an important lesson that made us who we are today and we have still enjoyed the ride and faced every challenge head on. Our fantastic teams in Lebanon and Cyprus make (almost) every day a good day and we get to talk to amazing and diverse people in all those 50 countries where our clients are and aim to exceed their expectations every time. Please wish Cedar Rose a Happy 20th Birthday below and tell us which country you are from and where you live now. We would love to hear your stories too! PS: Follow our company page and our newsroom too if you`d like to see where our journey takes us from here.. Written by Christina Massaad, Managing Director Sourced Image: Robotbutt   *** The sole purpose of the article above is to generate public discussion, it has no intention to constitute legal advice. ***