Commercial Credit Checker: A Salesforce native credit reporting agency API integration
Commercial Credit Checker is an advanced credit reporting solution that automates business workflow by connecting lenders with major credit reporting agencies to perform lending decisions inside Salesforce. Cloud Maven, Inc., a certified Salesforce ISV Partner and the 2021 Salesforce Partner Innovation Award winner has developed this solution. In addition, the organization offers various products, advisory services, and Salesforce consulting services to assist businesses to meet their objectives.
There are numerous reasons why the manual business loan approval process is inefficient. First and foremost, the lender must manually review each application. Depending on the size of the portfolio, this could take anywhere from a few hours to several days. Second, the lender must contact the applicant by phone or email to obtain additional credit history information. Third, the lender must calculate the interest rate manually based on the amount borrowed and the length of time in business. Fourth, if the borrower defaults on the loan, the lender may be required to repeat the entire process.
Commercial Credit Checker pulls business credit reports from all major credit bureaus, including Experian, Equifax, and PayNet. Credit reports are available from over 365 million active businesses in 62 countries. By minimizing delays, inconvenience, and inaccuracies, accurate business credit reports assist lenders in making informed loan decisions. The credit report is displayed in a user-friendly, fully-customizable dashboard that includes risk dashboards, business contacts, corporate registrations, bankruptcy, liens & Judgments data, OFAC, UCC Fillings, commercial Intelliscore & financial stability risk scores, fraud shields, etc. The entire decision-making process can also be automated, resulting in error-free and efficient lending decisions. This solution is available for a free 30-day trial on Salesforce AppExchange. Contact info@cloudmaveninc.com for any questions, and follow on LinkedIn, Twitter, and YouTube for further information.
