The first step in business credit decision-making is determining whether a company's past performance is good enough to warrant receiving a loan. If a company's history is poor, it may have difficulty getting a loan. In addition, the amount of time that has passed since the last loan could affect the interest rate. Companies that have been out of debt for an extended period might have trouble obtaining a low-interest rate loan. Other factors that can influence business credit decisions include the size of the company, its industry, and the current economic climate. Lenders need to consider the entire picture when deciding whether or not to give a company a loan. This entire process takes several weeks and involves significant human intervention and paperwork. Cloud Maven, Inc. has developed Commercial Credit Checker to make it easier for businesses to obtain real-time credit reports and make instant lending decisions.
Commercial Credit Checker is the most sophisticated Salesforce-native credit reporting tool that pulls real-time business credit reports from Experian, Equifax, and PayNet using any Salesforce standard or custom object. The app allows businesses to obtain real-time credit reports from 62 countries on millions of active businesses. The app's data-driven solution increases efficiency and helps businesses make better decisions. It includes a dashboard that includes detailed reports on bankruptcies, payment habits, collection information, court filings, fraud, etc. It provides a consolidated report with borrower profiles, ensuring that critical business information is not missed. It also allows you to run unlimited OFAC checks on individuals and entities using any Salesforce object. The application enables you to research emerging markets extensively while ensuring data consistency across international borders. You can also create a decision tree that automatically approves or rejects credit applications based on your business criteria. Commercial Credit Checker provides you with dependable and trustworthy data.
As an API, Commercial Credit Checker can be integrated into your existing workflow. It securely stores all credit card information within the Salesforce CRM. It is available on Salesforce AppExchange for a 30-day free trial. For more information about the app or to request a live demo, contact info@cloudmaveninc.com
