This eBook outlines the insights from Experian, CreditSafe, CreditRiskMonitor, Credit.net and S&P Global as they highlight the pivots in risk mitigation strategies and credit policy, customer profiling, changes in credit scoring perspective. It also explains the role of technology in building an agile credit function.
Vice President, Solution Consulting
Head Of Marketing
COO & Senior Vice President
Senior Vice President
Senior Director of Order-To-Cash Operations
Key Concern in Terms of Risk Assessment as of Now?
50% Evaluating Customer’s Credit Worthiness
10% Collecting Money from Existing Customers
35% Strategizing for Long-Term Business Profitability
04% Improving Cash Flow
What Is Your Primary Focus Of Your Department Upon Reopening?
42% Investing in Building An Aglie Credit Function
14% Investing in Risk Mitigation
25% Building a Long-Term Continuity Plan
10% Updating Credit Poilcy
09% Shifting Workforce to High Priority Credit Functions
During a poll, 42% of the respondents responded that they wanted to have an agile credit function upon reopening. Dan Meder from Experian commented that an agile credit function should have the ability to shift gears quickly when a radical change happens.
In order to build an agile credit function, technology plays a vital role. To know more on how to build a technology-supported agile credit function, talk to a HighRadius expert.
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes. The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process by automating receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections.
Business Credit Application Template
About the Business Credit Application Checklist This excel-based checklist is a ready-to-use template…
How does AI-Powered Credit Risk Management Work…
Credit risk management teams have come a long way from being a back-office…
Credit Policy Tools to Transform Credit into…
Two months back, most of the credit policies and business goals were focused…
HighRadius Credit Software automates the credit management process, enabling credit managers to make highly-accurate credit decisions 2X faster and enable faster customer onboarding with 4 primary components: configurable online credit application, customizable credit scoring engines, credit agency data aggregation engine, and collaborative credit management workflow. Along with that, there are a lot of key features that should definitely be explored some of which are online credit application, credit information aggregation, automated credit scoring & risk assessment, credit management workflows, approval workflows, and automated bank & trade reference checks. The result is faster customer onboarding, better internal collaboration, higher customer satisfaction, more targeted periodic reviews, and lower credit risk across the company’s customer portfolio.