Datava’s Post

When I am analyzing a new customer there's always information I like to collect up front and before any contracts are signed. Learn how to assess their financials, obtain trade and bank references, and utilize credit reporting tools like CreditSafe, D&B, and Experian and make sure your team (if they handle credit analysis) understand what information they are gathering and analyzing. Gaining insights into your customers' performance in their industry and with other clients, enables you to make more informed business decisions. The main goal is risk reduction for your business. Keep that in mind! #CustomerInformation #BusinessGrowth #FinancialAssessment #CreditReporting #VendorRelationships #BusinessTips #BusinessSuccess #DataAnalysis #CustomerInsights #IndustryPerformance #GuernseyConsulting #SmallBizTips

Make sure you are following Brad Guernsey for updates like the below related to protecting your business financially. Don't neglect credit analysis and onboarding to only find yourself in a position where you are writing off invoices owed to you, going through legal proceedings, etc. Let's take control of your credit process today! 812-207-1863 #guernseyconsulting #creditanalysis #credit #collections #cashflow

Questions about Section 1071 compliance? Visit our resource hub for expert insights, FAQs, and actionable tips to help your institution navigate data collection and reporting requirements 👇 https://lnkd.in/gdAbUFWc

Maintaining a good credit score is crucial for any business's success. But with multiple credit bureaus and scoring models, how do you determine which company credit score is best? Here's what you need to consider: 1️⃣ Coverage: Ensure the credit bureau covers your industry and region. 2️⃣ Cost: Compare fees and align them with your budget. 3️⃣ Data Quality: Assess accuracy, completeness, and update frequency. 4️⃣ Customer Support: Look for dedicated account managers and technical support. 5️⃣ Reputation: Research reviews and industry standing. Remember to check compliance with local regulations like the National Credit Act and the Protection of Personal Information Act. At Cred-it-data, we're your trusted partner in navigating the credit landscape. We aggregate data from all of the major credit bureaus, providing you with the insights you need to trade with confidence. Contact us today and let us guide you towards better business decisions with our comprehensive credit data solutions. ✉️[email protected] ☎️0861222210 🌐https://lnkd.in/dEe_UUpz #CreditScores #CreditBureaus #BusinessDecisions #DataQuality #Compliance #CredItData #TradeWithConfidence

📢 Announcement: Data enhancements via our latest partner Coface Coface is a leading expert in credit insurance, debt collection and information services, acting for trade since 1946. Backed by their long-standing know-how, international expertise, and unique database Coface is widely considered as a global leading player in trade credit risk management. The Access Intell platform offers leading-edge products for every stage of the customer life cycle, creating a streamlined process from online trade applications and PPSR through to ongoing risk monitoring. Users can now generate international credit reports from Coface directly within the platform, supplementing data quickly and easily when needed. It's yet another addition in Access Intell's quest for new global data partners, innovative data sources, and third-party integrations. "Our clients are looking for the best data to help manage risk and make wise credit decisions. Introducing Coface as a data partner is a win for our clients. It gives them additional choice and access to a broader picture of their customers risk profile. We’re thrilled to have Coface on board as a data partner." - Lynne Walton, Founder and CEO of Access Intell #accessintell #coface #creditreports #creditmanagement #risk

At this moment, you might be worried about a particular customer. Whether they are long-standing, late paying, or causing concern, it’s crucial to address the issue promptly. Taking swift action can help mitigate risks and maintain a positive business relationship. Using Creditsafe can be highly beneficial in managing such concerns. Here are some key advantages: Credit Reports and Scores: Access detailed credit reports and scores to assess customer creditworthiness. Real-Time Monitoring: Receive alerts on significant changes in your customers’ financial status. Compliance Screening: Ensure compliance with global regulations through automated screening. Financial Performance Analysis: Review comprehensive financial data to understand customer stability. Risk Indicators: Identify potential risks like late payments and judgments. Global Reach: Access credit information for companies worldwide. Creditsafe helps you manage customer relationships, reduce credit risk, and ensure your business’s financial stability. 📊💼 #Creditsafe #CreditReports #FinancialStability #RiskManagement #BusinessSolutions #GlobalReach 📩 [email protected]

Consumer credit scores and reports play a crucial role in loan determinations, but recent shifts, such as the removal of medical debts, challenge the accuracy of this data. What shows up on a credit report may no longer reflect an individual's true financial situation, affecting back-end scoring and analysis in collection operations. Our panel of experts will delve into the repercussions of these changes and explore strategies for companies to adapt their processes. Join us for an insightful webinar and learn from our panel of experts as they discuss how account scoring and data analysis are being impacted by the changes to medical debt credit reporting and how companies can account for those changes in their processes. 📍 How Credit Reporting Changes are Impacting Scoring and Data Analysis 📅 Date & Time: Monday, April 22 @ 1pm ET 🎤 Meet our Speakers: Mike Merkel and Lucas Brown 🔗 Register now to secure your spot! https://lnkd.in/e866bygi Don't miss out on this opportunity to gain valuable insights into optimizing account scoring and data analysis amidst evolving credit reporting dynamics. #CreditReporting #DataAnalysis #AccountScoring

#RBI #CreditUnderwriting #FinancialServices #DigitalTransformation The recent RBI mandate requiring lenders to update credit information more frequently with credit bureaus is set to significantly transform the credit landscape. This move is aimed at ensuring that the most accurate and current data is available for assessing creditworthiness, which is crucial in today's fast-paced financial environment. However, this change isn't just about better data—it's about rethinking the entire credit underwriting process. Lenders will need to revisit their business rule engines and adjust their underwriting models to align with this new reality. The traditional approaches to credit evaluation, reliant on less frequent updates, may no longer suffice. This shift will demand a more dynamic, real-time approach to credit decisioning, incorporating continuous data feeds and more agile business rules. Lenders who adapt quickly will not only ensure compliance but also gain a competitive edge by leveraging the most up-to-date insights into customer behavior and risk. It's an exciting time for the financial industry, but it also calls for strategic investments in technology and process redesign to stay ahead of the curve.

Let's talk about the real deal with credit data access today. Did you know some businesses spend 4-6 months just getting set up for regulated data access? That's a huge waste of time and money. We're flipping the script - our clients start pulling data within days, not months. Sick of the hassle of accessing credit data? You're not the only one. Many companies are fed up with clunky processes, sky-high prices, and zero tech support. We're here to show that getting credit data doesn't have to be a nightmare. Say goodbye to endless waiting and hello to quick, hassle-free credit data access. Ready to see what all the fuss is about? Check out how CRS‎ can give your approach to credit info a major upgrade and boost your business.

“Credit reports indicate whether or not you’re responsible,” financial expert John Ulzheimer, formerly of FICO and Equifax. Click the link in the bio to learn more about how you can improve your credit health. . #creditfix #creditscore #creditrepair #creditreport #ficoscore