The Emagia Credit Management Module is specifically
designed to enable credit professionals to make better
credit decisions, minimize receivables risk and improve
overall productivity. This integrated approach to credit
and collections management focuses internal credit staff
on resolving high risk issues while standard credit
decisions are fully automated by the system.
Consolidated Credit Risk Information
This feature provides an all-in-one view of critical credit
and collections information to the credit professional. All
necessary credit risk metrics, scores and statuses
required during the decisioning process are available in
this comprehensive view across customers, operating
units and financial systems. Using this business
intelligence on global credit risk exposure, credit granting
decisions and credit limit change requests can be
processed in a more effective manner, leading to lower
risk in the receivables portfolio.
Credit Bureau and Third-Party Data Integration
Externally available credit data from bureaus such as
Dun & Bradstreet can be incorporated into the credit
scoring and decisioning process within Emagia. Credit
scores and rankings retreived from third-party agencies
are used in the scoring models and stored for future
reference and audits.
Flexible, Easy-to-use Credit Scorecards
A core feature within the Emagia Credit Management
Module, these user defined scorecards bring
consistency and deeper analysis into the credit
decisioning process. Rule-based scorecards can
combine external bureau data and customer financials
analysis with internal data on customer and payment
behavior. The weighting on different scorecard
attributes, along with the scorecards themselves, can be
modified by the user to simulate different business
conditions and credit policies. The derived credit scores
and limits then drive improved credit decisioning
processes.
Consistent, Automated Credit Decisioning
Emagia Credit Management Module takes an innovative
approach of using automation and decision support in
the credit granting process. Pre-defined business rules
allow credit limit requests to be automatically granted or
denied during the order management process. Credit
policies are defined by customer and drive the frequency
of credit reviews and the specific criteria used to carry
out credit decisions. Credit decisions that are rejected
are automatically routed to the appropriate credit analyst
for further review. Emagia Credit Management Module
offers all available credit information to the analyst,
including previous credit decisions, payment patterns
and supporting data, so as to enable decision making
based on accurate and timely information. By
automating repetitive and high-volume credit decisions,
Emagia drives organizations to maximize efficiencies
while also improving effectivess of the credit process.
Comprehensive Credit Case Management
This centralized credit workbench allows easy
monitoring and management of all credit cases. Any
credit activity such as credit limit requests, new credit
applications, credit reviews, etc... are stored along with
all relevant information in one location with easy access
to users around the globe.
Integrated Credit and Collections Management
Emagia Credit Management Module is fully integrated
with the receivables automation and analytics
capabilities of the Emagia Cash Inflow Manager solution.
Credit risk scores can drive collections strategies during
the receivables management process. Similarly, credit
risk scores and activities can be incoporated into the
portfolio management functions and cash flow analytics.
Historic customer payment data from receivables
activities can be used in the credit scorecards during
credit decisioning. A full audit trail is readily available of
all credit and collections activities.
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