Veda Commercial Credit Analysis
Veda Commercial Consulting
Veda's access to both personal and commercial data, sourced from a broad spectrum of industries and credit providers, allows credit managers to access superior scorecards that would be difficult to replicate elsewhere.
VedaScore makes full use of all available Veda data, including:
Because many small businesses and sole traders utilise personal credit to fund business expenses, the addition of Veda's individual data considerably improves, by a significant 32%, the scorecard's ability to differentiate between high risk and low risk applications.
High volumes of enquiries for business and personal credit to multiple credit providers can indicate financial distress. In a sector where failure rates have been high, it's important to know more about the credit exposure of a small business or sole trader.
VedaScore also assists credit managers to maintain approval and decline rates, while at the same time delivering higher portfolio profitability by helping to ensure declined accounts are specifically placed in the high risk category.
Veda's ability to access enquiry and adverse data is critical in helping customers understand the full picture of a small business or sole trader, and instantly improves the reliability of the risk score attributed.
Veda's individual data considerably improves, by a significant 32%, the scorecard's ability to differentiate between high risk and low risk applications.