Signzy’s GST analytics helps lenders identify potential growth areas within their portfolios and establish competitive strategies to take advantage of those opportunities. With the use of GST Data, the entire process gets
automated, and with the client’s consent, the entire GST history can be accessed. Thus, providing an estimate of the client’s creditworthiness and financial position within minutes!
Also, real-time access to GST data eliminates the need for excessive paperwork. With a 45% higher completion rate and 30% faster underwriting, our solution can help lenders to get 25% more approvals! Also, lenders can develop more effective marketing strategies and efficiently target customers with this information.
Provides real-time insights into their GST filings
Quickly identify which businesses are eligible for loans
Help to assess the creditworthiness of companies
A better understanding of the business cycles of borrowers
Proactively identify potential risks associated
Benchmarks the performance of businesses
Four Key Differentiators
Signzy’s GST Analytics has four key differentiators that, when combined with other features, give an unparalleled insight into a company’s financials, and help to make faster and more informed decisions in the underwriting processes.
- Multi GSTN using OTP instead of a password
- Intelligent GSTN models using Industry & Market Analytics (GSTPrism)
- Customization without leaving API mode
- HSN, Demographic-based Statistics
Access to real-time GST data
Improved customer experience
Improved Data Insights
How Signzy's GST Analytics helps SMEs Stay Compliant?
Our GST Analytics help lenders identify red flags such as irregularities in a company’s GST filings, excessive claims for input tax credits, or high levels of tax liability. It can also help lenders understand a company’s cash flow situation and predict its ability to repay loans. Lenders can also make informed lending decisions for SMEs and reduce the risk of loan defaults.
Signzy’s GST analytics is a valuable tool for financial institutions as it helps them comply with the tax regime while empowering SMEs to access credit. Furthermore, by leveraging this technology, lenders can ensure that they make responsible lending decisions and protect their clients’ data.
What is GST Analytics?
GST Analytics is a cloud-based software platform. It helps lenders assess the creditworthiness of small and medium enterprises (SMEs) by leveraging data from the Goods and Services Tax (GST) network. As a result, GST Analytics allows lenders to make faster and more informed lending decisions by giving them real-time visibility into an SME’s financial health and business performance.
How can GST Analytics help lenders make SME lending decisions?
GST Analytics provides lenders with several features and tools to help them make more informed and faster lending decisions when dealing with SMEs. For example, GST Analytics can help lenders to:
Assess an SME’s creditworthiness: By using data from the GST network, GST Analytics can provide lenders with a real-time view of an SME’s financial health and business performance. Lenders can use this information to assess an SME’s creditworthiness and make more informed lending decisions.
In addition to lenders and banks, MSMEs and other businesses benefit from leveraging GST data for credit underwriting by reducing business costs. Providing an opportunity to use authentic data eliminates the need for operational work, which reduces risk in lending to an incredible degree.
Fast-track loan approvals: The platform’s automated underwriting capabilities can help lenders to fast-track loan approvals for SMEs.
Make better use of data: With its powerful data visualization tools, GST Analytics can help lenders to make better use of data when making lending decisions about SMEs.
What data is available through GST without consent?
Addresses, Director Data, Contact Info, Compliance Statuses, Taxpayer Categorization, Turnover range, Nature of Business, HSN Codes fetching.
Can you provide us with the raw data of GSTR 1, 2, and 3?
Yes, it can be done with a consent-based API.
Is there a live status for the GSTIN?
Yes, we can verify active and inactive GSTINs with our APIs.
What information is required to get the detailed GST report?
It is a consent-based API, we can either have the usernames and passwords and the corresponding GSTINs from the customer, or it can be done with the usernames and an OTP verification.