According to a survey by McKinsey, 80% of organizations have already implemented Artificial Intelligence (AI) in some form or are piloting it. These implementations are also starting to radically transform the credit management department.
Unfortunately, most of the conversation around automation has centered around concerns over potential job loss.
In the upcoming e-masterclass, join Diana Crowe, a 20-year veteran in the credit industry she debunks the job-loss myth, shared real-world success stories of AI in the credit department and helps you understand how you can prepare for the digital transformation regardless of where your company is in the process.
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.