Credit teams are tasked with balancing the goals of growing a business with the need to control risk and reduce bad debt. For many large and growing companies, this means finding a way to review thousands of accounts with a limited number of highly qualified credit managers who waste their time on manual, low-value activities such as tracking down information and paperwork.
In this webinar, discover how credit teams can leverage SAP and credit automation to eliminate these manual, low-value tasks from their daily work and integrate A/R, sales, credit, and public financial data to identify and prioritize at-risk accounts for review. This enables a shift from a manual, reactive credit management process to one that is fully automated and proactive.
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.