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ABOUT tradescore for Debtors

The factors in the tradescore for Debtors program are aligned with domestic issues specifically designed to address the credit risk of domestic sales of goods. The software program carries out 3 broad functions to ASSESS, MEASURE and GUIDE business in credit risk assessment.

The benefits of using the software are :

Assessment

It is a user-friendly program specifically designed to assess the factors important to determining the credit risk of domestic sales transactions
The factors have evolved from input by businesses, credit managers, bankers and experience
It involves a point and click methodology to the status of each factor that applies to domestic sales transactions

Measurement

Algorithms weight the factors against each other and provides an readable solution
A Summary Report that states the overall percentage credit risk for that transaction as well as credit risk rating for each individual factor, is produced.

Guidance

The Summary Report gives written guidance concerning actions that should lower the credit risk of each factor
This guidance allows the exporter to complete 'what if' scenarios on credit risk

The program is protected by Patent and Trade Mark protects 'tradescore'

BENEFITS FOR BUSINESSES!

Knowledge is power and tradescore for Debtors gives the business the power to :-

benefit from the program assessment by:

developing the credit skills and assessment techniques of credit staff
training people who are new to credit risk assessment including sales staff
bringing structure to the complex process of assessing credit risk
bringing consistency to credit risk applications and management practices
using factors not considered by many businesses
meeting their individual needs, whether they be large, medium, small or new businesses

benefit from credit score measurement by:

knowing the level of credit risk in their individual transactions
knowing the level of credit risk in their total transactions
managing their whole portfolio of exports more effectively
managing their credit risk across a wide range of transactions and across a multiple of people with accuracy and consistency.
allowing senior management to set structured benchmarks for the credit assessment process
allowing senior management to view the total credit risk exposure structure

benefit from hard copy report with guidance by:

taking actions that can reduce the credit risk of that transaction
working strategies and actions to lower the credit risk in each factor
increasing sales safely, albeit there is always risk
allowing the business to complete 'what if' scenarios on credit risk
giving business a greater range of possibilities
increasing their comfort level when dealing with this complex aspect of granting credit
training staff across the whole company to achieve consistency

If you would like to find out more - contact us