Credit assessment involves more than reviewing financial statements. Credit teams need reliable information, a clear assessment process, and the right tools to manage work efficiently.
ICRA has developed three digital products to support different areas of credit and rating activity: ICRA Scorecard, ICRA Credit SaaS, and ICRA Rating Portal. Each product serves a specific purpose and can also be customized to fit an organisation’s workflow and requirements.
ICRA Scorecard
The first step in many credit decisions is understanding the borrower’s financial and non-financial information. This is where ICRA Scorecard can give support to the credit teams.
ICRA Scorecard converts qualitative and quantitative borrower information into a systematic score and risk category. It uses configurable scorecards and automatic ratio calculations to make borrower assessment more consistent.
Instead of assessing information in different formats, credit teams can work with a defined assessment structure. This can help in bringing a good level of consistency to start the credit assessment process.
ICRA Scorecard is designed for banks, MFIs, and lending teams that need a standardised approach to first line borrower assessment.
Key capabilities include:
Systematic borrower scoring
Qualitative and quantitative assessment
Automatic ratio calculations
Configurable scorecards
Risk categorisation
ICRA Credit SaaS
Credit assessment is not a one time activity. Businesses and financial institutions may need to review borrowers and portfolios regularly.
ICRA Credit SaaS is designed to support rescuing corporate credit assessments through a systematic digital workflow. It brings applicants, portfolio analysis, role based access, and AI-assisted workflows into the platform. Optional API integration is also available.
The platform helps credit teams organise recurring assessment work and manage information through a more structured process. This can be useful for organisations who are handling huge numbers of credit assessments or managing ongoing portfolio reviews.
ICRA Credit SaaS is suitable for banks, lenders, investment teams, and corporate credit functions that need scalable credit assessment workflows.
Key capabilities include:
Systematic credit applications
Recurring credit assessments
Portfolio analysis
AI-oriented workflows
Role based access
Optional API integration
ICRA Rating Portal
Credit rating involves multiple stages, from setting up an assignment and collecting documents to financial analysis, review, committee discussions, and final reporting.
ICRA Rating Portal brings these activities into a single digital workflow. It is designed to help organisations so that it can manage the full rating lifecycle in a controlled and organised manner.
The platform supports different stages of the rating process, helping teams manage documents, financial information, reviews, and reporting within one system.
ICRA Rating Portal is designed for rating agencies, banks, development finance institutions (DFIs), and other organisations that require an end to end rating workflow.
Key capabilities include:
Assignment set up
Collection of the documents
Financial analysis
Peer review
Committee workflow
Final reporting
One Digital Suite, Different Credit Needs
The three ICRA digital products address different stages of credit and rating activity.
ICRA Scorecard focuses on systematic borrower scoring
ICRA Credit SaaS supports repeated credit assessment
ICRA Rating Portal manages the end to end rating workflow
This allows organisations to choose the product that matches their specific requirement rather than adopting a single approach for every credit function.
Another important feature is flexibility. ICRA states that its credit product can be while labelled and customised to align with an organisation’s branding, credit policies, approval workflows, user roles, reporting requirements, and operating model.
Choosing the Right ICRA Digital Product
The choice mainly depends on what an organisation needs to accomplish:
Instead of replacing the role of credit professionals, these digital products provide a systematic environment in which teams can organise information, follow specific processes, and manage credit-related activities more effectively.
Bringing Structure to Credit Work
As credit rams manage increasing volumes of financial information and assessment from activities, having the right digital infrastructure becomes very important.
ICRA’s three digital products provide solutions for different types of credit requirements which start from borrower scoring and recurring credit assessment to complete rating workflow management.
By bringing technology into these processes, ICRA aims to help companies to work with a good level of structure, consistency, and control across their credit and rating activities.