A recent survey by the National Association for Business Economics(NABE) revealed that 38% of the respondents believed that an upcoming recession is about to hit the globe. There is still a lot of debate whether it is destined to happen later this year or in 2020, however, the Order to Cash teams are expected to get hit by a number crunch in terms of collecting receivables, working capital optimization & cash forecasting.
Did you know that your credit management department could play a significant role in safeguarding your organization during the recession wave? Join Michelle Herman, Consultant, Business Development-Credit & Collections, HighRadius & Eric Kider, SVP Local Marketing & Credit Solutions, Infogroup as they explain how credit departments could be the superheroes to save O2C from recession repercussions and how Artificial Intelligence could be the perfect sidekick to your credit teams’ strategic risk assessment initiatives.
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.