The Electronic Credit Department – 10 Essential Elements of Automation

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please write to us at info@thecreditapplication.com.

Do more with less. Make faster decisions. Minimize risk. Improve cash flow. These are all directives that the modern Credit department hears from their management on a daily basis. You want to comply, but how do you achieve this when additional headcount is not an option? Consider which procedures are consuming your time today that would benefit from automation. Which of these will help your sales team close deals faster and improve corporate revenue.

Automating the credit process using the latest technologies in cloud, digitalization and analytics is essential to achieving an agile, automated and adaptive credit department. Our webinar will discuss the following:

• 10 essential components of automation of credit process including online credit applications, digital signatures, digital reference checks, integration with external credit agencies, custom credit scoring, rules based credit limit granting, workflow approvals, periodic portfolio analysis, analytics and dashboards and digital document storage.

• Guidelines to building customer score cards to make consistent credit decisions, how to choose the right data metrics that matter for your business/industry and how to manage and analyze the effectiveness of your credit and collection policies.

• Building a business case for your credit process automation project.