DOI: 10.36347/sjet.2023.v11i04.002

Pages: 108-110

Currently, small and medium-sized businesses often rely on outdated financial data and anecdotal information to assess their business risk. Large organizations may use historical financial statements and ratings provided by rating agencies, which are paid by these institutions, leading to a lack of efficiency and accuracy in assessing business credibility. This can prevent SMBs from becoming suppliers to large companies, accessing working capital credit, and increase the risk of fraud or delinquency in transactions with large corporations. To address this issue, I have developed a Business Credibility Product that uses real-time data feeds from various sources, including banking, eCommerce, payroll, payments, commercial real estate, telecom, utilities, insurance, tax filing, and firmographic data. The product includes a comprehensive 360 degree evaluation of a company's credibility, as well as a deep dive into each of the contributing factors to identify significant deviations and trends. This allows for real-time portfolio monitoring and improved lending, verification, and supply chain operations.