By credit analysis loans are released to customers and with these analyzes it is possible to detect the best financial conditions.
This way, the company can establish the minimum purchase, in addition to defining the interest rate and payment deadline.
What is credit analysis?
Analyzing credit is part of the daily routine of finance companies, that is, loan approval takes place through analysis.
Companies must identify the profile and financial conditions of customers, with this, it is possible to define:
- Purchase limit for credit card;
- The interest rate that will be applied to financing and loans;
- Payment deadline for installments.
Credit analysis has the function of preventing famous defaults within credit operations.
Therefore, the analysis is applied to individuals and legal entities as a way of formalizing a negotiation, and thus maintaining a good relationship between the parties.
What is it for?
With the analysis, it is possible to grant loans, depending on the profile of each client.
However, only with the help of a careful assessment can companies be sure that customers will return the amount borrowed.
In this sense, the analysis for legal entities and individuals is very similar.
In this case, companies analyze the CNPJ history with other companies and financial institutions, mainly including financing and loans for the acquisition of machines, for example.
How can we improve our score?
To improve your score with Serasa, firstly, you can request renegotiation of your debts, register on the Boa Vista Consumidor portal, remember that your debts and installments cannot compromise 30% of your income, for those who are companies it is necessary to hire an accountant.
It is also important to have financial planning for individuals and legal entities, and tax planning only for companies.
With the advancement of the internet, applications can help with financial control.
How important is this analysis?
With the help of credit analysis, companies can use criteria and scores to discover the consumer's potential risk of default.
Therefore, when we use the parameterized criteria, we can guarantee financial health for your business.
Each company has a credit granting policy, this procedure is capable of reducing uncertainties regarding negotiation.
Furthermore, the analysis for granting credit brings great benefits to your company, for example:
Keeps cash flow stable
Cash flow is related to your company's financial health, a lack of precision in calculations can lead to:
- Financial problems;
- Need to take out loans to pay expenses;
- Company bankruptcy.
Reduces default
If the analysis is based on the credit score, then the company can know whether the customer may have defaulted in the last 12 months or not.
If the evaluation is bad, the chances of the company not receiving the money will only increase.
Security for trading
Through good analysis, the company can get to know its suppliers, customers and partners well to release installment sales, for example.
In other words, this procedure offers great sales opportunities.
Conclusion
Therefore, credit analysis, when used appropriately, can help maintain the company's financial health.
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Therefore, when a company ignores this analysis it can have serious problems, for example, there is a high level of default risk, etc.