Order to cash functions–especially credit management–are inherently complex. This is definitely the case within high growth organizations (organic/M&A) where there is often a strong representation of multiple subsidiaries, international operations and disparate ERPs with multiple versions of data.
As a distribution business, Land ‘N’ Sea (a division of Mercury Marine), found itself operating in a complex environment handling multiple ERPs, and selling many products to its 15,000+ customers that they could easily get elsewhere. Land ‘N’ Sea used AI-powered credit management technology to become process-efficient and offer a world-class customer experience in order to stand out.
HighRadius Credit Cloud 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.