AI simplifies order predictions, recommendations, and routing for efficient management
Collateral and Securities Management
Collaterals and Securities like Letter of Credit, Bank Guarantees, Personal Guarantees, etc., can be given along with a credit application. This help decide if someone can get credit or not.
The Credit Scoring Model checks if the risk is lower than the value of these collaterals.
If the collaterals have an end date, the system checks the account regularly proactively and brings up for review
Credit Insurance Management
Prebuilt Integrations with Insurance Agencies automate insurance for high-risk and high-revenue accounts. Agencies like Coface, Euler Hermes are involved.
In Europe, companies often get insurance for all customer debts, not just certain buyers.
Have Questions? Get Them Answered Live
Connect now with our digital transformation expert and get your questions answered live.
Collaterals such as Bank Guarantees or Letters of Credit, submitted by Prospects during credit applications, significantly influence the decision-making process. These instruments serve as a form of assurance, mitigating potential risks associated with extending credit.
The Credit Scoring Model works in tandem with the Collaterals provided. It ensures that the value of the Collateral aligns with an acceptable level of credit risk. This alignment is crucial to maintain a balance between creditworthiness and the value of security offered.
The system takes a proactive approach to account management by regularly monitoring Collateral-backed accounts. If Collaterals have expiry dates, the system triggers timely reviews, enabling businesses to stay on top of credit management and anticipate potential issues.
Prebuilt Integrations streamline the process of obtaining insurance coverage for high-risk or high-revenue accounts. By collaborating with reputed agencies like Coface and Euler Hermes, these integrations automate insurance procurement, enhancing risk mitigation practices.
In Europe, a distinct practice involves securing insurance coverage that spans all customer debts, rather than limiting it to individual buyers. This broader approach aims to provide comprehensive protection against credit-related uncertainties.
Please fill in the details below
Please fill in the details below
We have seen financial services costs decline by $2.5M while the volume, quality, and
productivity increase.
Colleen Zdrojewski
Vice President – Financial Services
Dr Pepper Snapple Group