Nuvo Upgrades Software with Equifax Data

Nuvo Upgrades Software with Equifax Data
2 min read

Nuvo, the leading trade credit management platform for B2B sellers, has recently announced a strategic partnership with Equifax®, a renowned global data, analytics, and technology company.

Through this collaboration, Nuvo will utilize Equifax's comprehensive commercial and business principal information within its credit application software. This integration will streamline the customer onboarding, underwriting, and credit approval processes, making it more efficient for sellers to extend trade credit. Additionally, Nuvo's suppliers will have the opportunity to submit their receivables to Equifax, thereby assisting their customers in building a strong business credit profile.

One of the key advantages of Nuvo is its ability to provide suppliers with personalized credit terms in a matter of minutes, significantly reducing the time required for credit approval. By incorporating Equifax's business credit reports and business principal credit reports into Nuvo's secure platform, finance teams can make well-informed credit decisions while minimizing risk exposure.

Equifax Commercial Credit Solutions offers a wealth of valuable information, including firmographics, credit scores, and payment history for over 159 million businesses, encompassing a total credit originations value of $6 trillion. This extensive coverage of U.S. small businesses by Equifax empowers Nuvo customers with reliable and high-quality data, enabling faster business verification and risk assessment in this rapidly growing market segment. Moreover, Equifax's consumer reports on business principals, provided in compliance with the Fair Credit Reporting Act, can assist Nuvo customers in offering flexible payment terms to newly established businesses or when terms are subject to a personal guaranty.

Overall, the partnership between Nuvo and Equifax signifies a significant step forward in enhancing the efficiency and accuracy of trade credit management. By leveraging Equifax's expertise and data resources, Nuvo is well-positioned to support its customers in making informed credit decisions and driving business growth.

More Information : https://www.techdogs.com/tech-news/pr-newswire/nuvo-enhances-credit-application-software-with-equifax-commercial-credit-information

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Ben Gross 2
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