Commercial Credit Checker is a sophisticated solution that automates business workflow within Salesforce. This solution is developed by Cloud Maven, Inc., a certified Salesforce ISV Partner and winner of the 2021 Salesforce Partner Innovation Award. Commercial credit reports are used by construction and engineering firms to assess the financial stability and creditworthiness of potential clients and vendors. This data can assist them in making informed decisions about whether to enter a business relationship or extend credit to the company. The credit report may also contain information about the company's payment history, outstanding debt, and any legal or financial issues that may impact their ability to pay. This data can assist the firm in mitigating risk and ensuring that it is doing business with reputable and financially stable companies. An automated tool can quickly and efficiently gather financial information from potential clients, reducing the time and resources required to check credit manually.
Commercial Credit Checker is a tool that helps construction and engineering firms to manage their business risk by assessing the creditworthiness of their borrowers in real-time. This platform provides access to credit reports from major credit bureaus like Experian, Equifax, and PayNet.
The tool offers the ability to pull up multi-segment reports on a single page, making it easier to assess the creditworthiness of a potential borrower. These reports combine critical risk information such as bankruptcy, payment patterns, collection information, legal filings, and fraud. By providing this information in one report, it helps provide an accurate picture of the risk that a company may assume when working with a particular borrower.
The use of this platform can help construction and engineering firms shield themselves from bad debt and unpaid invoices. It also helps them to identify potential risks before entering into business with a borrower. For instance, if a borrower has a history of missed payments or legal filings, it may be a sign of financial trouble that could result in unpaid invoices or other issues.
The platform also offers additional features that can help firms manage their risk, such as the ability to validate IRS TIN/Name matching, EIN/Name Lookup, and Death Master File searches. These features can help ensure that the borrower is who they say they are and that their information is accurate.
By using the Commercial Credit Checker platform, construction and engineering firms can make more informed decisions about which borrowers to work with, reducing their exposure to financial risks. This tool is a valuable asset for these types of firms since they often deal with large amounts of money, and unpaid invoices or bad debt can significantly impact their bottom line.
This Salesforce integration has been recognized as the best software to pull credit reports inside Salesforce. It is available on Salesforce AppExchange for a 30-day free trial. For more information about the app or to request a live demo, contact info@cloudmaveninc.com. follow LinkedIn and Twitter to know more.
