Consistency and Control
Recent events, including accounting scandals and high-profile bankruptcies, have led to a desire for credit managers to gain better control and consistency over the internal processes surrounding the credit scoring and credit limit allocation components of their business. At the same time, emerging regulatory mandates like Sarbanes-Oxley require additional accountability, auditability, and robustness in internal control processes.
ROME CreditScoring is a product designed to systematically increase efficiency and accuracy within the internal credit scoring process, as well as to provide historical records of decisions and justifications made in the course of calculating credit worthiness and determining appropriate credit limits for counterparties.
Configurable Scoring Models
ROME CreditScoring allows you to create multiple scorecards for customers utilizing both pre-packaged and custom scoring models. We support public and private firm models along with industry specific models. The scorecard below is an example of a private firm model calculated with both financial and judgemental data:
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Credit Scoring – figure 1 |
Credit Scoring, Limits, and Ratings
ROME CreditScoring gathers financial data from a variety of sources, allows enterprises to input customized credit scoring models, integrates credit agency ratings, suggests credit limits based on counterparty financial strength, and automates the calculation of scores for all counterparties.
Additional Credit Scoring functionality addresses Credit Limits and Credit Ratings.
Credit Limits enables ultimate flexibility in setting multi-tiered limits at the counterparty, commodity, business line, product, geography, and term levels. The ROME product automatically compares exposures to limits and informs users when current and future limits are exceeded.
Credit Ratings provides actionable management of all external and internal counterparty ratings, including short- and long-term ratings, outlooks and watches, with customizable alerts and workflows to provide real-time notification and action in accordance with company policy.
Find out more about how ROME may benefit your organization.
Contact us at info@romecorp.com. |
