Australia's Most Comprehensive Scoring Solution for Small Businesses and Sole Traders

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Increase revenue and reduce risk in the small business sector with Australia's most comprehensive small business and sole trader score

Based on Veda's analysis, small businesses appear to be relatively more credit active than other businesses in the market place. In particular, businesses with 5-50 employees are the most credit hungry, accounting for 12% of businesses but 50% of commercial credit enquiries. These businesses also appear to be most at risk as they represent 61% of those businesses
that go into external administration.

To enable confident lending to an increasingly important part of the business market, Veda has developed Australia's most comprehensive small business scoring solution.

Reviewing Applications

Increase approval rates and revenue in the small business sector
Lower your risk exposure through access to detailed data
Reduce acquisition costs through automation
Increase consistency in assessment processes
Make the right lending decisions to approve the right customers
Provide one single, easy-to-understand score

Account Review

Manage portfolio risk
Identify limit increase opportunities and limit decrease requirements
Establish an efficient early collections strategy
Provide one single, easy-to-understand score

Prioritise Collections

Identify customers who are most likely to repay their debt
Improve debt recovery outcomes
Enable resource efficiency

Veda’s credit scoring solutions are developed with risk managers at the top of mind, and are designed to enable a more accurate assessment of the risk factors at each phase of the customer lifecycle - from the initial application, to ongoing account management, right through to debt recovery.

This solution is packaged into three market-leading credit scoring products, designed to address each key stage of the customer lifecycle.