Author : Ally jamson
Keyword : Accounting data api
Subject : Finance and accounting
Article Type : Original article (research)
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Article File : Full Text PDF
Abstract : Today, this cutting-edge alternative data helps lenders get more accurate, faster, and more granular insights and metrics into business performance than traditional data resources. While this non-financial data can be used to estimate the lending risk of a business, real-time accounting data can provide a deep level of insight into a business. The information included in alternative data is utility bills, social media mobile phone data, social media and internet data, and more. Though this information can provide some great information about a business, accounting data such as balance sheet, income statement, cash flow and more, allows lenders to offer higher value, personalized services to potential small business owners and make a strong custom relationship.
Article by : Ally Jamson
Article add date : 2021-07-12
How to cite : Ally jamson. (2021-July-12). Why accounting data is more powerful than alternative data. retrieved from https://www.openacessjournal.com/abstract/777