Our Commercial Affordability solution offers a robust, data-driven approach to understanding a business’s ability to manage and sustain credit over time, enabling more informed lending decisions and reducing risk.
With increasing regulatory scrutiny and the need for more precise risk management, banks and financial institutions must have the tools to assess the financial health of their business clients accurately.
In our latest video, hear how Right Fuel Card has been using commercial affordability tools from Experian to assess customer risk and liquidity in real time.
Accurate data and insights
Obtain up-to-date financial data and insights to make informed decisions quickly and effectively.
Affordability insights
A simple set of key indicators highlighting your portfolios financial health.
Customised reporting
Generate tailored reports and dashboards to meet your specific needs with our customisable reporting feature.
Why is Commercial Affordability important?
Informed credit decisions
Accurate assessments of a business’s financial health are crucial for making sound credit decisions. By understanding a client’s creditworthiness and financial stability, you can minimise the risk of defaults and make more strategic lending or credit decisions.
Competitve advantage
Access to detailed and real-time financial insights provides a competitive edge. It enables better decision-making and more effective management of credit and financial risk compared to relying on outdated or incomplete information.
Operational efficiency
Automating data collection and analysis streamlines the credit evaluation process. This efficiency reduces manual errors, saves time and allows your team to focus on higher-value tasks.
Drive collaboration between Credit and Sales by identifying financially stable customers with potential for further business growth.
Enhanced risk management
Our Commercial affordability solution helps identify potential financial risks early. This proactive approach allows you to implement strategies to mitigate risks before they impact your business.
Better outcomes
Ensure your lending practices align with regulatory standards and provide the best outcome for your customers. Our solution supports Consumer Duty helping you meet the requirements for affordability assessments, reducing the risk of non-compliance.
Strategic planning
Understanding the financial health of your clients and partners supports better strategic planning and business growth. It helps in making informed decisions about investments, partnerships, and business development.By leveraging our Commercial Affordability solution, you can gain a comprehensive view of financial risk, improve decision-making processes and achieve better financial outcomes.
How can I access Commercial Affordability?
To learn more about Experian’s Commercial Affordability and how it can benefit your business, contact us today. Our team will provide a personalised demo and discuss how our solution can be tailored to meet your specific needs.
Request a consultationThe benefits at a glance
Comprehensive financial insights
Gain a holistic view of a business’s financial stability.
Accruate and robust data
Obtain up-to-date financial data and insights to make informed decisions quickly and effectively.
Seamless integration
Our APIs ensure smooth data transfer and real-time updates.
Affodability insights
Key financial health indicators for quick and effective credit decisions.
Advanced risk assessment
Utilise advanced algorithms and scoring models to assess the likelihood of default and evaluate creditworthiness with greater accuracy.
Customisable reporting
Generate tailored reports and dashboards to meet your specific needs with our customisable reporting feature.