The 6 Cs of credit expand upon the traditional 5 Cs, adding a sixth dimension to assess borrowers’ creditworthiness. They include Character, Capacity, Capital, Collateral, Conditions, and Credit. Credit refers to the borrower’s credit history and score, providing insights into their past repayment behavior and overall creditworthiness. Evaluating these factors collectively allows lenders to make informed decisions about extending credit and managing risk effectively.
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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Autonomous O2C to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.
