The credit application tool seamlessly integrates with our business credit reports API, providing real-time access to vital company information, financial health metrics, creditworthiness, trade payment data and more. No matter how big and trustworthy a company may seem on the surface, there’s no substitute for reviewing credit risk data.
What makes this tool more reliable is that it uses our Check & Decide solution in the backend to make it easy, quick and effective for finance teams to build automated workflows based on the company’s credit policy. This means the credit decisions recommended by the tool can be used and trusted with confidence.
When it came to building the credit application tool, we quickly identified Harbr as the ideal partner. They have extensive experience in document AI, which is something we wanted to offer as an optional add-on to the tool’s capabilities. The reason we wanted to do this is because the document AI and data enrichment features will make it easy to automatically extract information from file uploads, such as financial statements, trade references and other relevant documents. So, it will be much quicker to gather and analyze data with this new credit application tool than it is in most companies today, where finance teams have to sift through a plethora of physical and digital documents. And it will lead to less errors when inputting the information into the credit application.
To delve deeper into what this partnership between Creditsafe and Harbr means and why it will help businesses better identify and avoid risks, I sat down with Dave Kim, CEO of Harbr. Here are some snippets from our chat.