More than 40% of credit and A/R leaders are looking for automation technology as a means to reduce operating costs and improve productivity. However, more than 60% of projects fail to meet expectations as decision-makers, eager to implement a feature wish-list and quickly improve KPIs, fail to ask the right questions of technology providers. As a result, poorly designed RFP documents and flawed review processes lead to disruptions during implementation, diminished process effectiveness post-go-live, and unmet ROI expectations.
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.