Credit leaders have identified paper-intensive application processes as the major bottleneck in onboarding new customers. Paper applications are error-prone and involve manual tasks that delay onboarding. But with delays caused by a multitude of clerical tasks including credit scoring, cross-team communication, and auditing of application data, is an electronic credit application enough to speed this up?
Join us as we discuss how credit leaders have leveraged automation of manual, clerical tasks to move beyond the paper-based and manual process in as little as two days. This has enabled them to drastically speed up customer onboarding by more than 67% while refocusing their effort on high-value credit management tasks.
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.
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We have seen financial services costs decline by $2.5M while the volume, quality, and productivity increase.
Colleen Zdrojewski
Trusted By 800+ Global Businesses
HighRadius Corporation
2107 CityWest Blvd,
Suite 1100,
Houston, TX 77042
