Reduction of Credit Approval Layers
Reduction in Average Approval Time
Increase in Auto Approvals
Reduction in Team Size Making Savings in FTE Cost
We reduced dramatically the number of approved layers. This average to approve a credit limit dropped from nine to four, which is basically because we got rid of people that we didn’t go into having the approval flow.
Senior Credit Manager
The Mosaic Company
Know how Mosaic, a fortune 500 mining company cut costs with automated credit approvals and faster customer onboarding using artificial intelligence.