At Veda, we understand that doing business with small businesses and sole traders can come with certain issues and risks. Given these entities now represent 96% of all businesses, organisations looking to grow their market share need to be in a strong position to do business with this market.
VedaScore is the leading score in Australia for businesses that require a robust risk assessment process to enable growth in market share within the small business segment - while also reducing acquisition costs.
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.
Benefits to you
VedaScore can help you to:
- Increase approval rates and revenue for 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 improve the right customers
- Provide one single, easy-to-understand score