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We offer a variety of products to cater to your specific needs.
Find out more about our CV4B (CreditVision For Business), Investigated Report, and Automated Decision & Scoring reports below.
As per TransUnion, CV4B (short for CreditVision For Business) is a multi-dimensional approach to scoring which provides a more accurate way of identifying if a company will be able to make payments.
Using a default probability score rather than a liquidation score, you can better map the probability of defaulting (bad rates) to an actual score. Liquidation scores provide post-default bad rates which artificially lower actual bad rates.
Default probability can be used to support business strategies.
– The performance of a company’s directors is a critical indicator of the credit risk of the company – this is particularly true within the SME space.
– CV4B analyses a business, as well as its principals, and assigns a three-digit score to each, giving you a more complete view of overall risk. A score of C1 indicates the lowest risk, while a score of C7 indicates the highest risk.
– There are two scorecards available – one for SMEs and one for Larger Enterprises, as risk is measured differently based on the size of a company.
– While the going concern of the business is a good indicator of risk, its use in pricing, setting limits and terms is limited
– With CV4B, the going concern of the business is an indicator and not the final outcome. CV4B takes into consideration the probability of business delinquency, liquidation likelihood, and severe court records inclination in order to arrive at a business overall risk
– From SMEs to large corporations: segmentation applied to commercial score allows all businesses to be scored
An Investigated business report is a business or commercial report that displays relevant information on a business (such as its sole proprietor, partnership, trust, or registered entity). In essence, the business report will give you an indication of the credit health of the entity in question.
Full interview on the Business/Subject/Credit Applicant (The interview confirms data already available on the data subject) –
Company registration information, as per CIPC –
Company director information –
Adverse information like judgements, defaults, notices, alerts –
Property information –
CV4B report (depending on your request type) –
Updated Trade Profile information –
Enquiry history –
Companies linked to the principal, both current and historic –
This report was designed specifically for clients who have business relations with the banks that no longer partake in the Bank Code Service Offering –
Validate information supplied on a credit application or other application forms –
See the company’s ability to repay its debts to other suppliers (trade references) –
See if there is any negative/adverse information about the consumer –
To determine the level of risk associated with the business (comparing various factors) –
A combined score provides a more accurate way of identifying if a company will fail to make its payments –
An Automated Decision & Scoring Business Report is an on-file business report, which includes data from TransUnion and/or XDS. This business report also provides a Cred-it-data business Score, as well as a recommended decision based on the outcome of the score.
– Company registration information, as per CIPC
– Company director information
– Adverse information like judgements, defaults, notices, alerts
– Property information
– Banking information (on file)
– Trade Profile information (on file)
– Enquiry history
– Companies linked to the principal, both current and historic
– Company Score
– Score outcome (approve/refer/decline)
– Validate information supplied on a credit application or other application forms
– See the company’s ability to repay its debts to other suppliers (trade references)
– See if there is any negative/adverse information about the consumer
– To determine the level of risk associated with the business (comparing various factors)
– Full assessment based on data to determine the level of risk associated with the business and its principal(s). Based on the final score, a recommendation will be provided on whether credit should be extended or not
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