This DNAapp can help reduce customer late payments and defaults by reporting commercial accounts receivable information to Experian. In exchange for reporting your portfolio, you will have the opportunity to access many of the solutions Experian offers to help you more effectively mitigate risk and identify opportunity to lower your costs. The Financial Institution provides a monthly extract file to Experian. This extract reports certain information on their commercial loan portfolio.
Utilize Experian to help mitigate risk and lower costs by reporting commercial accounts receivable information with this extract
Reduce customer late payments, defaults, and credit risk with Experian solutions
This DNAapp is designed to provide the end user the ability to continue reporting their commercial loans to Experian as they currently do. This batch job creates an extract file along with the summary report of all accounts processed. This DNAapp will write the extract records to the location indicated by the BankOptionValue in the BankOption table where BankOptionCd = "SBNK" and Summary Report will be created in the current date`s folder at location indicated by the BankOptionValue in the existing BankOption "RPTT".
The information used in reporting credit experience is composed of payment information from many suppliers, which includes identifying information such as business names, addresses, account numbers and current status of the customer?s account derived from the summarization of payment files.
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This DNAapp is compatible with DNA 3.0 or higher. You will need to download and install the Configuration Toolkit which will configure DNA to load and manage DNAapps. This toolkit is included in the DNA release CD since DNA 3.3 and will be updated here whenever a more recent release is available.