Commercial Affordability Report

Features & Benefits

• Save time with lightning fast verification

  Replace manual checks with accurate, automated decision-making. Equifax’s Commercial Affordability Report makes it easier for credit assessors to verify a prospective business customer’s credit eligibility. 

  With speedy automated retrieval of bank transaction data, get answers in minutes about income, expenses, financing activities, account balances and risk. Conduct a business credit assessment securely and efficiently anytime and from anywhere – with a smartphone, laptop or device of your choice.

• See a clear commercial view of cash flow risk

  The report is tailored to give maximum value to commercial credit officers and brokers, using business intelligence to provide answers to common questions about what a business has earned/spent and the likelihood of these inputs/outputs continuing in the future.

  Data visualisations show cash movement between accounts, and you can quickly drill down into the transaction data detail, including account inflows and outflows such as receipts, salaries, banking fees and interest. 

• Reduce tension between sales and credit

  Get rid of cumbersome paper-based processes and replace them with a virtually frictionless customer experience. There’s no more chasing up borrowers or sales reps asking for documentation that they might be reluctant to supply. Instead, borrowers follow a link to a web-based screen, where they consent to share their data, select their bank/s and log in to their account/s.

  The Commercial Affordability Report is available via dashboard or API, ready to be easily integrated into your workflow or any 3rd party platform. Carry out the credit assessment on the spot and deliver a fluid customer experience for ongoing customer loyalty.

• Get customised output and reduce manual reviews

  Adjust rules to reduce your review and decline rate. Make use of advanced insights like customised auto-declines to increase efficiency. Export transaction data as a CSV file to create profit and loss projections.

• Search across multiple bank accounts

  It doesn’t matter if your customer has one bank account or 10; your customer follows a link and consents to the extraction of bank transaction data from all their disclosed financial institutions. Transfers between accounts are de-duplicated, and our algorithms and machine learning models go to work verifying income sources and classifying expenses.

   

• Prioritise data security

  Encryption and bank-grade security protect your customer’s financial data once it’s captured from the financial institution and shared with Equifax. After categorisation and analysis, data is delivered directly to your existing applications via a rapid API connection.

• Keep it consistent

  From 90 days to 365 worth of customer bank transaction data, we sort expenses and identify income in a way that avoids information overload. Rather than wade through the thousands of transactions your customer might have over this period, you receive actionable insights for fast, accurate and consistent financial assessments.