Achieving Zero Bad Debt By Mitigating Credit Risk With A/R Automation

Impact Achieved

89%

Reduction In Time Taken For Credit Reviews

61%

Faster Customer Onboarding

96%

Increase In Credit Limit Reviews

We lean on the HighRadius Credit Software to help us maximize the profit. We are 100% paperless with consistent credit reviews, and the software automatically does our credit reviews.

case-study-speaker

Don Giallanza

Commercial Credit Manager

Chevron Phillips Chemical

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About Chevron Phillips

Chevron Phillips, an American chemical manufacturer, enabled proactive credit management to achieve 61% faster customer onboarding while fostering strategic credit-sales collaboration to drive top-line growth.

Employees

5000+

Revenue

$13.16B

Region

North America

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Top Challenges

  • Delay in Customer onboarding.
  • Inability to prioritize customer credit profiles based on risk class.
  • Lack of Real-time accessibility to customer data.
  • Difficulty in credit reviews for customers from the joint venture holding companies.

Business Benifits

  • Faster customer onboarding with the customizable,
    multi-language online credit application.
  • Automated approval workflows for low-risk customers to help focus
    on critical customers.
  • 360-degree view across all the customer profiles to stay on top of
    credit risks.
  • Customer hierarchy for all complex parent-child scenarios.
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