Role Of Technology In Building An Agile Credit Function


This eBook outlines the insights from Experian

Contents

Chapter 01

Balancing Credit Risk: Immediate Action Plan For The Credit Team

Chapter 02

Balancing Credit Risk: Tips To Adjust To The New Reality

Chapter 03

Role Of Technology In Building An Agile Credit Function

Chapter 04

About HighRadius
Chapter 03

Role Of Technology In Building An Agile Credit Function


During a poll, 42% of the respondents responded that they wanted to have an agile credit function upon reopening. Dan Meder from Experian commented that an agile credit function should have the ability to shift gears quickly when a radical change happens.

In order to build an agile credit function, technology plays a vital role. To know more on how to build a technology-supported agile credit function, talk to a HighRadius expert.

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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.