In today’s busy world, it is almost impossible to keep track of all your customers—to know which accounts need your immediate attention and action, which ones warrant a credit line increase, and which ones not to worry about. Experian provides several solutions to effectively manage these issues.
Knowing when your customers are experiencing derogatory events will help you stay on top of the game. The Portfolio Monitor detects early signs of trouble by identifying significant negative incidents. Warnings could include Bankruptcies, Tax Liens, Judgments, Late Payments, Collections, and UCC Filings.
These business warnings are updated on a weekly basis; bankruptcies on a daily basis.
Portfolio scoring is a quick and efficient method of evaluating the credit worthiness of your customers and trending patterns. Scoring provides a Current Risk Score, Current Days Beyond Terms (DBT) With Suppliers, Total Trade Balance, Number Of Legal Items and Other Risk Factors.
Your entire portfolio or a specific segment can be scored. High, medium & low risk accounts are identified. Help your company increase sales and profits by providing your Sales Department with a list of your low risk customers-- A great opportunity to cultivate more sales.
Credit Risk Advisor provides a customized automated business decisioning process and account management of your portfolio in one single program. The credit application decisioning is based on established criteria/rules for streamlined processing of new applications. This provides a consistent analysis of new accounts--a plus for compliance regulations such as the Sarbanes Oxley Act.
The Credit Risk Advisor also monitors the portfolio based on your specifications. Your troubled customers can be set-up for monthly or quarterly reviews to help negate major write-offs and other collection problems. Good accounts can also be assessed to determine increases in credit limits and for cross-selling purposes. Trending patterns of customers will develop over time to help predict future payment tendencies.
This program is a powerful tool to maximize the efficiency of your Credit Department.
Contact MSCCM for all the necessary details on these solutions!
Mountain States Commercial Credit Management
Phone: 800-457-8244
303-806-5300 Fax: 303-806-5360
e-mail: info@msccm.com
333 W. Hampden, Suite #425, Englewood, Colorado 80110
©2001 Mountain States Commercial Credit Management, Inc. All rights reserved.
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