DecisionFlow

Automated decisioning for commercial credit

Establishing the credit worthiness of trade customers simply and consistently is a continual challenge for any organisation.

Veda's Decision Flow is an automated solution assessing commercial credit risk based on your company's own decision rules and parameters. DecisionFlow is web hosted, integrating Veda databases and expertise with your credit management policy to provide instant credit decisions. An accept, decline or refer decision is provided along with any special instructions relating to your credit policy.

Any organisation opening in excess of 50 applications per month can benefit from DecisionFlow. However this is not a hard and fast rule as where there are fewer applications a potential user may have many other responsibilities which makes saving time on processing beneficial.

DecisionFlow may help:

• Ensure your credit policy is consistently adhered to
• Reduce your processing time, create efficiencies, reduce costs and be more competitive when opening applications
• Put in place tighter controls where staff can only make decisions at prescribed levels.

DecisionFlow:

• Is accessible from anywhere in the world at any time as it is web based
• Can immediately implement changes to your credit policy
• Can export your credit application data in XML file format
• Store pending credit applications for up to 30 days

• Process lending applications for commercial credit

Testimonial

"Having implemented DecisionFlow into our organisation the credit decision process has now provided greater consistency in processing credit applications across the Hills group, despite differing corporate structures and risk levels. DecisionFlow measures our customers' credit risk on objective standards pre-set by us and communicates back the risk level clearly. This clearly saves us time and money, with our credit managers spending less time on credit decisioning and having more time to concentrate on other important tasks, such as collecting debts.

Because DecisionFLow makes assessing customers' credit risk faster and more accurately our credit managers have embraced the system. The credit managers now have a reliable tool that is fully customized to their differing credit policy requirements."

Peter Brewer, Group National Credit Manager, Hills Industries Limited