A policy for credit risk
Weight financial standing and conduct more heavily for customers on terms than for other counterparties.
Customers on credit terms
Check a customer before you extend them credit.
Selling on terms means taking on the customer's risk. Traustis applies a stricter policy to customers you extend credit to than to ones who pay up front, and shows plainly when financial evidence is not available.
The problem
What usually goes wrong
- The same light check for a cash buyer and a credit customer
- Financial information that simply is not available in some countries — and nobody notices
- Accounts teams approving limits without the vetting record
- Past bad debtors reappearing under a slightly different name
A typical policy includes
- Company registration is active
- Filed accounts and financial standing, where available
- No sanctions or exclusion list match
- Not on your do-not-engage list
- Relationship status and history with you
Financial data availability varies widely by country; the case always shows what could not be checked.
How Traustis helps
A process you can repeat and defend
No credit approval on a blank
Financial standing is a required subject on the credit policy. If nothing covered it, the case cannot clear itself: it goes to a person and scores at most a C.
Read-only access for finance
Give finance a viewer seat to see decisions and export records, without the ability to run or change checks.
See it with your own counterparties.
Traustis is in early access. Tell us what you vet and where your counterparties are registered, and we will show you what it can check today.