Veda Commercial Credit Analysis
Veda Commercial Consulting
Understanding your customer's credit risk is fundamental to growing and maintaining your profit. Today you need to decide quickly whether or not to grant an organisation credit. The right decision helps reduce your risk of future business losses. Veda's Credit History products provides all available information on your customer's credit activity as held on Veda's database - giving you the information you need to help you make an informed business decision about their level of risk. A Veda credit check helps you identify potential bad debt risks before they happen - during the application process, saving you time and money.
Without a full risk assessment of an organisation, the people behind it and the companies they are associated with it's often difficult to know the risk of an enterprise.
Tailored, fast credit risk assessment is essential to reducing the risk of future losses in your business. Often high risk organisations receive credit when their credit activity history and/or public record information is unknown at the time of application.
When you're running a business you need to quickly and consistently determine whether or not to grant a customer credit. Making decisions based on a credit application form alone can mean you don't have the full picture of an applicant's potential risk.
Organisations often seek financing from multiple sources making it difficult for one lender to see the growing risk profile of a customer.