Sage Intacct is one of the leading ERPs in the finance sphere. It complies with major industry standards such as the AICPA and can be configured to manage all your corporate financial risks.
Here are some ways Sage Intacct users can recognize business threats and mitigate credit risk with some out-of-the-box strategies.
1. Credit risk assessment: Best in class organizations leverage automated credit scoring to support risk assessment and forecasting.
Integration with AR automation solutions can help Sage Intacct users auto-assign risk score, risk category, and credit limits using predefined algorithms.
2. Credit limit allotment: Leverage external credit risk information reports and recommend ideal credit limits for different customers. Identifying optimal credit limits helps you maintain strong customer relationships while minimizing the probability of write-offs.
3. Credit utilization tracking: Sage Intacct enabled with add-on tools can help AR teams to track the credit utilization of their customers. With this capability, cross-functional teams can access credit data in real-time from anywhere and are not restricted by any data silos.
It also lets your AR team mitigate risks and stay up-to-date on news and bankruptcy information concerning your customer portfolio.
4. Real-time risk tracking: Centralized dashboard can help you track exposure and credit limit trends. You can also determine your risk levels across a different customer or geographic categories.
The following are some areas where Sage Intacct users need to look at out-of-the-box strategies to manage their credit risk.
To be fully successful in minimizing credit risk and ensuring timely cash flows, you need to have much more than the basic AR management features.
Our RadiusOne Credit App enables AR teams to automate credit scoring and credit risk evaluation to standardize the credit approval process. We help you make faster and more accurate credit decisions.
RadiusOne Credit Risk App seamlessly integrates with Sage Intacct and helps your finance team fast-track credit management processes and focus on other strategic functions.
The HighRadius RadiusOne A/R Suite is a complete accounts receivables solution designed for mid-sized businesses to put their order-to-cash on auto-pilot with AI-powered solutions. It leverages automation to fast-track key accounts receivable functions including eInvoicing & Collections, Cash Reconciliation, and Credit Risk Management powered by RadiusOne A/R Apps to improve productivity, maximize working capital, and enable faster cash conversion. Affordable, quick to deploy, and functionality-rich: it is pre-loaded with industry-specific best-practices and ready-to-plug with popular ERPs such as NetSuite and Sage Intacct. The HighRadius RadiusOne A/R Suite is designed to automate labor-intensive processes while streamlining credit and collections activities for faster A/R processing, better cash flow and improved profitability.
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