A robust Business Credit Scoring Model with the ability to analyze different customizable parameters from credible sources such as D&B, Experian, and NACM could help credit professionals automatically assign credit scores to customers, ensuring that accounts with the highest risk are identified. Moreover, It could give a credit professional visibility into a customer’s future financial condition and help forecast what the coming years might look like- whether the business will still be running or end up being bankrupt.
Similar to Hawking’s theory of everything, Mid-sized businesses need to have one all-encompassing Credit Scoring Model to counter the misfortune of triggering a credit event such as bankruptcy, obligation default, or failure to pay. A Ready-to-use excel based credit scoring model might come in useful for effectively scoring a customer while ensuring a reduction in bad debt and improvement in cash flow.
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.
Lightning-fast Remote Deployment | Minimal IT Dependency
Prepackaged Modules with Industry-Specific Best Practices.