An insightful summary of building the best-in-class credit scoring model capable of streamlining information, reducing bad-debt and predicting bankruptcy.
“A loose credit policy lost money. A tight credit policy lost business. Intelligence, judgment and useful information ? These are what made the crucial difference.” – Lewis Tappan, Founder- Dun& Bradstreet An artificial intelligence-enabled credit scoring model will provide you with real-time risk assessment and a credit decision, with an immediately available credit line. With the use of the best-in-class credit scoring model, industry leaders like Klˆckner, Mercury Marine, and Parker Hannifin have been able to: ? Provide instant credit decisions for the majority of applicants ? Significantly reduce bad debt and become proactive ? Remove all manual time spent on making routine approvals and declines.
Update your existing credit scoring model with artificial intelligence today!
HighRadius Credit Software automates the credit management process, enabling credit managers to make highly-accurate credit decisions 2X faster and enable faster customer onboarding with 4 primary components: configurable online credit application, customizable credit scoring engines, credit agency data aggregation engine, and collaborative credit management workflow. Along with that, there are a lot of key features that should definitely be explored some of which are online credit application, credit information aggregation, automated credit scoring & risk assessment, credit management workflows, approval workflows, and automated bank & trade reference checks. The result is faster customer onboarding, better internal collaboration, higher customer satisfaction, more targeted periodic reviews, and lower credit risk across the company’s customer portfolio.