This eBook outlines the insights from Experian
Key Concern in Terms of Risk Assessment as of Now?
Renewed focus on cash flow & $ @risk methodology rather than looking at relative risk
Requests for getting timely credit scores
Focus on leveraging credit card payments as a way of risk mitigation
Greater emphasis on portfolio analysis and what segments of portfolio are challenged
Michael Flum, CreditRisk Monitor
Dan Meder, Experian
Looking at payment trade data to understand how the organization is paying other suppliers
Business verification should be an important step to avoid frauds
Analysing buyer’s customers as it ultimately flows to A/R
Eric Kider,Credit.net
Michael Flum, CreditRisk Monitor
Dan Meder, Experian
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.