Account Management Service
Veda’s Account Management Service (AMS) helps you manage your existing revolving credit customers - using information from their current credit file.
It can be challenging to set optimal customer account management strategies. How do you obtain up-to-date information on high-risk customers? How do you decide which customers are eligible for further credit? Or recognise a credit risk and prioritise collection activities? Veda’s AMS provides up-to-date information on your customers, by sharing the transactional history of revolving credit customers.
Benefits to you
AMS can help you to:
- Assess and manage the ongoing risk of a customer
- Limit exposure to bad debt by pre-emptively setting up stricter payment terms
- Make better informed lending decisions.
This information can be used when deciding to extend credit offers, for re-mortgaging decisions - or as a useful tool to help inform efficient collection strategies.