Credit risk management
It is the practice of mitigating losses by understanding, measuring, and monitoring the various risks that arise and that the organization clings carefully to the approaches and strategies built up to address the credit risks.
It is the practice of mitigating losses by understanding, measuring, and monitoring the various risks that arise and that the organization clings carefully to the approaches and strategies built up to address the credit risks.
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.
