What is a Credit Engine and what are its advantages?

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We know that analyzing a customer's credit is not always a simple task: how do you gather financial risk information, registration data and make the best decision about whether or not to approve the sale? Or, what limit should be granted to each buyer? In this process, a Credit Engine can be a great ally for the entrepreneur.

By bringing together your company's sales policy, together with data from credit bureaus, the tool allows you to release credit in just a few seconds, assertively.

This way, you gain more agility and skype database efficiency, while increasing the security of your decisions. Learn more about this tool below!





What is a Credit Engine?


The Credit Engine is one of the technologies used to integrate the sales system with the credit bureau databases. In other words, it can be added or “plugged in” to your company’s ERP system , making credit granting much faster.



The tool gathers information from various sources, including your own sales, market data, and the Federal Revenue Service. Thus, it allows the analysis of the client consulted, comparing their risk profile with that of previous buyers and their restrictive and registration data.



At the end, you receive a suggestion about whether or not to approve the sale, in just a few seconds and within your store or company's own platform. In times of high trade activity , this agility is essential for the customer's shopping experience .





Integration with Credit Bureaus


In addition to information from your own sales system, credit engines also offer the option of connecting credit bureaus to the system .



For example: you can configure the tool to analyze the payment history of one of your customers (data present in the database itself). Add the information from one or more bureaus hired by your company and you will have an even more complete overview of the customer you are researching!



Since national credit bureaus have their own databases that are not shared among themselves, the credit engine will bring information from all of them, comparing and showing the most appropriate path for negotiation. But be careful: you need to have a contract with each credit bureau you intend to consult so that the data can be sent to the engine!





Customizing rules and policies for credit approval


Another very interesting aspect of the credit engine is the freedom to choose between credit approval rules and policies . In simple terms, it is the criteria and characteristics of a customer that will be “taught” to the system, demonstrating which negotiation profile should be approved or not.



When a customer's document (whether a CPF or CNPJ) is searched, the tool will automatically start an analysis flow . Based on the information available about the buyer, the system checks whether they fit a profile with potential for approval or whether they should be analyzed more carefully.