Trends Impacting Every Business | Forbes.com
You think good accounting isn’t a big factor in getting business credit? Consider this tidbit from Intuit’s CEO Brad Smith, from a recent article on Forbes.com:
Two-thirds of Intuit’s QuickBooks customers were declined a loan due to poor FICO scores and other credit measurements. In the Loan Finder trial, a business could opt-in to allow banks to use QuickBooks data to evaluate if a prospect was a credit risk. As a result of this additional data, the banks provided several hundred new loans with an average of $10 million dollars.
Accounting professionals… isn’t this something you could be helping your clients with?
Read more about helping make small businesses bankable
Make Sense?
J
- Read more about how accountants need business intelligence, too
- Read more about how there’s no fear and loathing in accounting
- Read more about the pressure on accountants to deliver more value and intelligence to their clients
- Read more about Data Warriors: accounting in the cloud
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