Question: I'm looking for a risk management tool that assigns risk scores to loans based on borrower financial health and credit history.

If you're looking for a risk management tool that scores loans based on the financial health and credit history of borrowers, Binocs is a strong contender. Binocs is an AI-based loan management platform that aims to improve operational efficiency and risk management for private credit funds. It uses AI to extract financial data from documents, which are presented in a structured format that's easy to analyze. Features include high-integrity financial data extraction, covenant and ESG monitoring, risk management, and early warning systems that help cash flow management and document management while reducing risk.

Another strong contender is Ocrolus, which offers a Document AI platform for classifying, extracting, detecting and analyzing financial documents. With machine learning-based classification and deep insights into cash flow and income, Ocrolus enables lenders to assess risk and prevent fraud more effectively. It can extract data from any file format, eliminating manual review and speeding up processes. The platform is well-suited for industries like small business lending, consumer lending and mortgage lending, offering a complete solution for financial document analysis.

For a more focused approach, FinFloh offers accounts receivable (AR) automation software that automates and optimizes the AR process. It includes ML-based OCR for cash application, AI-driven credit scoring, and invoice verification with ERP/CRM integration. FinFloh helps businesses accelerate receivable collection, automate cash application, and make data-driven credit decisions, thereby minimizing payment delays and improving collections efficiency. This platform is suitable for businesses with complex AR operations looking to improve cash flow and reduce days sales outstanding (DSO).