Offers
Free support available to help all SMEs manage their finances
Syed Shah
CRIF
CRIF Realtime Ltd has launched a suite of products to help SMEs manage the unprecedented challenges caused by the Covid-19 pandemic. Available free to all SMEs, the products are enabled by the latest technology and provide a business with the ability to present a more accurate picture of its financial performance and viability – pre, during and post the pandemic. Crucially, the products also make it possible for lenders to produce faster, more informed lending decisions to help those SMEs seeking access to finance.
CRIF Realtimes’s Covid-19 Credit Passport® Tools are a comprehensive set of tools and include:
CRIF Realtimes’s Covid-19 Credit Passport® Tools are a comprehensive set of tools and include:
- Pre-Crisis Funding Credit Report: provides an SME with a certification of their credit quality at a fixed date of 1 Feb 2020, pre the impact of the pandemic. It demonstrates to lenders and other institutions an SME’s financial quality before the crisis, as well as eligibility and impact so that they can make quick and accurate lending decisions – vital during this crisis when each day matters.
- Covid-19 Liquidity Calculator: generates three different funding requirement scenarios for an SME to consider in order to maintain solvency through the pandemic. It includes a comprehensive analysis of the SMEs cost base and projected revenue loss during the crisis.
- Funding Application Portal: reduces the admin burden for SMEs by providing an interactive filter that immediately identifies cost savings initiatives and available funding options for their business, including relevant government support schemes.
- In addition, CRIF Realtime has established a Covid-19 Resource Centre on its Credit Passport® website where SMEs can access useful information to help navigate the crisis and prepare for the recovery. The Centre includes articles, reports, expert interviews, data and guidance specific to the SME sector.
Syed Shah
CRIF
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