OTHERA
Financial Services - , New South Wales, Australia
OTHERA Employees
OTHERA Details
OTHERA (Over the Horizon Event Risk Analysis) is a credit decisioning and risk analysis tool that provides businesses and lenders with a faster, simpler and more successful strategy for achieving finance approval and managing credit risk OTHERA helps businesses know their likelihood of being approved for finance and matches businesses with lenders who are most likely to approve the loan. Even businesses who have been rejected for finance multiple times have received approval. For lenders, OTHERA provides a simple and fast credit decisioning and risk analysis tool that can be customised to reflect a lender's credit underwriting standards. When used as an automated pre-qualification tool, it helps lenders to filter and pre-qualify more business loan applications in less time. The risk analysis feature then helps lenders to manage borrower default risk in real time. How does it work? 1. Businesses use our simple, risk-free calculators to estimate their borrowing capacity and receive a pre-finance report telling them their likelihood of loan approval. 2. OTHERA matches creditworthy businesses with lenders who are more likely to approve the loan on the most attractive terms. This removes the need for endless research and 'loan shopping' that can jeopardise a business's credit rating. 3. Lenders who are matched to businesses use the pre-finance report to pre-qualify applications and make faster lending decisions. The OTHERA credit calculator is unlike others as it uses a business's own accounting data and provides fast, personalised results. In less than 5 minutes, our credit tool performs bank-style calculations on a business's current financials. The resulting report helps businesses more accurately predict the likelihood of approval. OTHERA is not a lender or a broker After we match a business with a lender, we step back and let the formal loan application process begin. There is a straight line of communication between a business and lender.
