Your monthly metrics digest includes valuable information regarding your credit operations and the insights available within Nuvo.
Let's delve into each of the metrics in detail:
Credit Operations:
Credit Issued: The total amount of trade credit approved during the month. This includes changes to credit, and new credit approved.
Submitted Apps: The count of credit applications submitted for your review during the month.
Approved Apps: The count of credit applications approved by your team during the month.
Monitored Customers: The number of customers with completed credit applications being continuously monitored by Nuvo for changes in risk profile.
Median time to approve: How long it took the median credit application to be approved.
Minimum time to approve: Shortest time between app submission and app approve.
Emails automated: Total count of automated emails sent. Each automated email is one your team did not need to send manually.
Insights:
Creditsafe Reports: Count of completed credit applications with a Creditsafe report available for credit decisions.
Equifax Reports: Count of completed credit applications with an equifax business credit report available for credit decisions.
Instant Bank References: Count of completed credit applications with an instant bank reference available for credit decisions.
Trade References: Count of completed trade references collected from peer suppliers.
Understanding these metrics empowers you to optimize your credit operations and make informed decisions even more efficiently.