Experian DataShare will give you the capability to accelerate new client onboarding and renewals. Given its ability to pre-empt client needs it allows you to increase acquisitions, reduce rejections and realize up-sell/cross-sell opportunities. Reducing friction and getting a decision quickly are typically the difference between gaining a customer or losing them to the competition. Experian DataShare improves the user experience and commonly reduces time to cash by 65%.
Experian DataShare allows you to reduce the time and cost associated with the manual processing of business accounting data. It will securely and efficiently extract full financial data from your client’s accounting package in real time and build key financial reports and ratios. It eliminates the manual burden of document collection for covenants and annual reviews. Financials can be flagged to allow underwriting to focus purely on the accounts that have been degraded since your last review. The platform automatically refreshes data on a quarterly or annual basis, saving your customers time, further enhancing the customer experience.
How do we help with risk management? Experian DataShare improves the effectiveness of underwriting and portfolio servicing with consistent financial statement data. The solution standardizes outputs regardless the accounting package used. Credit and risk teams have access to standardized data allowing for faster, more informed decisions. As part of risk based auditing, Experian DataShare gives you access to granular journal entry data, allowing you to apply fraud based testing.
Financial statement data has been a pain point for many of our clients and we are excited to offer Experian DataShare. Learn more today!