MUMBAI, India, Nov. 21 -- Intellectual Property India has published a patent application (202541037409 A) filed by PCRA Technologies Private Limited, Hyderabad, Telangana, on April 17, for 'system and method for credit risk assessment using drug license-based financial evaluation.'
Inventor(s) include Mannuri Vamshi Krishna; and Venkatesh Yanamaddi.
The application for the patent was published on Nov. 21, under issue no. 47/2025.
According to the abstract released by the Intellectual Property India: "System and Method for Credit Risk Assessment Using Drug License-Based Financial Evaluation The present invention relates to a system and method for credit risk assessment in the pharmaceutical and healthcare distribution industry. The system is unique in utilizing the Drug License Number (DL No.) (201) as a primary identifier to evaluate the financial reliability of pharmacies, distributors, and related entities. It integrates real-time financial data (104), payment behavior analysis and regulatory authentication to produce accurate credit risk scores (106). A weighted scoring model assesses key factors such as payment history (302), consistency (303), outstanding balances (304), and payment trends (305). The system features real time financial risk monitoring (501) and alerts for late payment (505) or any other form of financial fraud (506, 507). It also supports seamless integration with external billing software (105) and regulatory databases for fraud prevention and continuous risk assessment (701). By categorizing businesses into risk levels (402, 403, 404, 405, 406), the present invention enables suppliers and financial institutions to make informed credit decisions, reduce defaults and enhance financial stability in the pharmaceutical sector."
Disclaimer: Curated by HT Syndication.
