RadiusOne A/R Credit Risk Management App enables automated credit risk evaluation and credit scoring to standardize credit approval process and enable credit teams to make faster and more accurate credit decisions.
With ready-to-use credit application templates, integration with credit agencies and automated credit scoring models – configured based on the industry-specific best practices, fastrack your credit management process for new businesses and streamline periodic reviews. Free up your analysts’ time with workflows and automated correspondence for internal and external collaboration. Enable centralized access to all credit information for high-yield decision making, compliance and eliminate paper-costs with electronic storage.
Speed up credit application processing by capturing complete and valid information for new credit applications with an easy-to-use template, integrated with your credit system for faster customer onboarding.
Enable automated credit scoring with built-in credit data, pre-loaded with models and algorithms configured based on industry-specific best practices, to auto-assign risk score, risk category and credit limits.
Standardize workflows for credit management to ensure that important credit decisions are approved through the right hierarchy including approvals for new credit applications, and periodic reviews and credit requests for existing customers.
Ensure process compliance and standardize credit management process by indexing all credit data and decisions for new applications and current portfolio. Enable informed credit decision with access to credit history.
Automate customer collaboration via email with easy-to-create correspondence templates for credit events including credit acceptance or denial.
Gain end-to-end process visibility with out-of-the-box reports and dashboards to track team productivity and key credit metrics including credit utilization, bad-debt and customer onboarding time.
Automated collections, e-invoicing and payment for faster conversion of your outstanding invoices to cash, lower DSO, low-cost invoicing and payments via ACH and credit cards.
Automated cash reconciliation across diverse payment and remittance sources and formats, automated invoice matching and short-payment identification to enhance productivity and enable focus on downstream processes.