My Credit Score: Credit Risk and Its Significance in Business
If you have ever lent money to someone, you know the apprehension that comes with lending, considering the uncertainty of receiving your money back. Even though the borrower is someone you know well, you will at least be a little skeptical before you hand them over your sweat & blood. Nevertheless, when you go ahead and lend the money for trust’s sake, you have now exposed yourself to what is called a ‘credit risk’. On a broader scale, many organizations are constantly exposing themselves to credit risk. If you are a supplier of goods, you may have to give your customer a 30-day or 60-day credit period for payment.
Improve Profitability From Existing Customers
CRIF's customer management solutions help you enhance customer retention and deepen relationships by engaging with your best customers and minimize risk by identifying customers who might become delinquent. Predictive Analytics Assess your existing customers and segment them for a variety of possible actions around marketing or risk management with the use of internal data and external data such as from credit bureau through a bespoke scorecard built by CRIF experts. Our Predictive Analytics solutions allow businesses to quickly identify and rank-order the relative possibility of a specified outcome, such as a consumer's probability of default or to make decisions on products and terms based on their level of credit risk. Decision Management Automate decision-making on customer management whether in terms of cross-selling, up-selling, putting on watch list etc. using a set of internal business rules, policies, scorecards and decision workflow using CRIF's decision automation solution.
Get The Perfect Post-Lockdown Smile with These Simple Tips
With the lock-down opening up, an increase in outdoor activities, interactions, and a change in schedules is but natural. However, you must not forget that your smile is an integral part of your personality – and that it needs attention. In fact, the beginning of our return to the new normal is the perfect way to build up hygienic oral care habits. Read on to know five tips for the Perfect Post-Lockdown Smile from one of the best dental clinics in Pune, Dental Sphere
4 Steps to Effective Third-Party Due Diligence- Blog
If you’re like most businesses, you have a host of third-parties that you depend on to support your core business functions. Third parties may include suppliers, distributors, resellers, local agents, joint venture partners, and so on. As organizations benefit from multiple connections, they also face the challenges of managing the vast network of third-party spread across geographies. Many of these third parties have access to your internal network, some are directly associated with your clients, while some are highly crucial for your production process. All these factors put third parties in a position from where they can directly affect your business as well as reputation. Hence, it is required to perform due diligence prior to hiring a third party.
Is Credit Score the Only Criteria While Taking Loans: Top Ways To Manage Your Business Finances Effectively
Every new business begins with personal seed money, but it becomes crucial to keep business finances separate from personal finances. The well-managed balance-sheet of a company eliminates any hindrances that could occur with a balance-sheet full of loopholes. Maintaining business finances separate from personal finances is important because managing a business involves many dynamic changes and decisions. Some days the business is flourishing and blooming, but other days you may have to make many difficult decisions and borrow credit even when you haven't planned for it. These situations would naturally have an impact on your credit score.
Safety Concerns : Pediatric Dentist Visit During Covid 19
As a parent, being extra cautious about your kids during pandemic is a totally genuine concern. But, kids will be kids; they may get into situations that demand you to step out from your comfort zone. They may fall while playing and have a cracked tooth or suffer toothache due to cavity that prevents them from eating. Whatever be the case, dental health is an essential part of your child’s overall wellbeing and should not be ignored at any cost.
How to Improve Collection Performance Using Predictive Analysis? - Blog
Debt collection has been prevalent since the early days of banking. It requires pursuing payments of debts that have been owed by individuals or businesses. The traditional debt collection process is governed by standardized scripts and involves multiple layers of case handling.
Top Ways To Manage Your Business Finances Effectively
Every new business begins with personal seed money, but it becomes crucial to keep business finances separate from personal finances. The well-managed balance-sheet of a company eliminates any hindrances that could occur with a balance-sheet full of loopholes. Maintaining business finances separate from personal finances is important because managing a business involves many dynamic changes and decisions.
Why opt for organic food amidst Covid-19?
Organic Food is produced using natural way, i.e. without using any synthetic chemicals or processing. This way, organic food is much safer for consumption. Organic foods and products have been around for decades. Organic food has exploded In popularity in the last decades due to it’s safe producing process. Many people believe that organic food is much safer, tastier and has much more nutrient content compared to conventional food.
What is Customer Due Diligence and What is its importance? - Blog
Behind the smiling faces of the relationship managers greeting you generously, is a history of a systematic vetting carried out about you. Well, there is nothing wicked behind this considering the fact that engaging in a new business relationship is risky for businesses when we live in a world of frauds, impersonation, money laundering and terrorism. It is naturally difficult for banks to ascertain your claim of being who you say you are before they hand you over the money. In business terms, this process is more commonly known as ‘Customer Due Diligence’. Apparently we, as individuals, also perform due diligence knowingly and unknowingly. From going out to a new restaurant, planning a holiday and even searching for jobs, we are on the lookout for maximum data to help us confirm the information.
