Companies in the wholesale produce, lumber, and forest products industries need to be able to assess the creditworthiness and reliability of fellow companies with which they do business. Whether they are suppliers, buyers, brokers, or transporters, accurate risk measures are a critical piece of information.
Customer surveys provide useful and broad-ranging views of interactions between participants in the market, particularly in terms of payment timing and customer satisfaction. Accounts receivable reports provide another view into payment behavior. This information could be turned into a differentiated credit rating tool.
Model Deployed in Business
ModelOp operationalized the life cycle of a model for Produce and Lumber industries which predict likely future delinquent payment behavior. ModelOp provides this as a hosted service for the customer where monthly scores are generated via an R script and provided to their credit team.
Key Data Sources
Customer Surveys, A/R Reports
For Businesses, Not Scientists
A critical component of our customer’s rating service offerings are predictive risk scores developed and hosted by ModelOp. These scores are industry standards that allow companies in the Produce and Lumber industries to compare and evaluate payment behavior of their counterparts.