Financial Terms Glossary

Credit Scoring

Formal

A statistical technique used by financial institutions to determine how much money to lend to a (potential) customer. This allocates scores based upon past performance, profitability, assets in the business etc.

Informal

Yes, this does occur for both businesses and people. If you were asked to invest in a business or lend money to a friend, you would assess the chances of getting your money back. You would consider other loans they had, their ability to pay interest, and form a picture of their 'financial suitability'. You would effectively 'score' their whole ability to repay.

What we do

At Shark Finesse we have developed an enterprise-grade cloud application to help businesses standardise and simplify their value engagements across the entire customer journey.

Shark, a business value engagement platform used by 1000’s of customer-facing teams globally (e.g. pre-sales, sales, value teams, and customer success) is easy to use, intuitive and usable directly with the customer to negotiate the likely business returns from investing in a solution.

By adopting the Shark approach you will fundamentally transform conversations with new and existing customers, close more business, and differentiate from the competition.
Find out how

We'd love to hear from you!

Phone
+44 (0)1256 338635
Address
Grove House, Lutyens Close
Basingstoke, Hampshire
RG24 8AG, UK