How Credit Scoring Delivers a Competitive Edge

Credit scoring is a method for evaluating the creditworthiness of customers through implementation of a formula or set of rules. The factors you currently consider in manually making credit decisions are the same as those used by scoring systems: payment experiences, financial condition, suits and other public filings, and size and age of business. The difference is that automating the process can favorably impact performance and profitability by: Increasing sales (targeting creditworthy…