Big Data brings new perspectives for commercial credit services and new solutions for companies.
Big Data brings new perspectives for commercial credit services.
As banks are scaling down their short term lending to many sectors, and companies are asking for additional commercial credit from their suppliers.
Companies are facing outsourcing and high pressure on price and payment delays and need to adapt their commercial credit process to face new challenges. As a result of the digitalization of the economy, Big Data brings new perspectives for commercial credit services and new solutions for companies.
In order to assist companies in their commercial credit risk management, KPMG has developed CreditPAD, a platform of solutions designed by selected third parties and KPMG, aiming to mitigate the risk of non-payment and optimize the internal processes (e.g. purchase, sales, collection).
The CreditPAD platform covers commercial credit applications (i.e. local and international reports, client/supplier monitoring platform, client portfolio diagnostic, debt collection etc.), IT solutions (connection of various sources of data and algorithms) and high added-value analyses, addressing the needs of any type of company, from any sector of activity.
The main solutions your company can benefit from through CreditPAD include: