Understanding Predictive Commercial Credit Scores and Best Practices to use them

Overview:

This session will provide basic knowledge on credit scoring, data used for scoring, commercial credit scores, common methodologies and performance and the best practices to use cores to approve new accounts and manage existing commercial account portfolios. Primary focus will be using scores to approve and manage unsecured trade credit accounts.

Why you should Attend:

Predictive Scoring is a proven, effective risk evaluation tool to evaluate high volumes of transactions to free analyst focus on higher exposure accounts by condensing hundreds of attributes about the business and/or business owner into one easy to interpret score, that estimates a company’s future performance.

If you are not using scoring, you may not be maximizing your resources to approve new credit customers and manage your existing Accounts Receivable portfolio.

Areas Covered in the Session:

This session will provide the following knowledge:

• Overview of value of scoring
• Data Elements used to create scores
• Common methodologies used to create scores
• Types of commercial credit scores and how they perform
• Scoring use cases

Who Will Benefit:

• Small Business Owners
• Company Employees new to the Credit Function
• Students who need or want to learn about Commercial Credit