Automating the Credit Process Transforming to Electronic Credit Department
Today’s businesses demand an agile, automated and adaptive credit department that can respond to sales needs, onboard customers as rapidly as possible; all while mitigating risk. Automating the credit process using the latest technologies in cloud, digital and analytics is becoming essential to take the credit department to these new and necessary levels. Our webinar will discuss the following;
10 essential components of automation of credit process
This webinar will discuss the 10 essential components of automation of credit process including electronic credit applications, digital signatures, electronic reference checks, third-party credit reports, credit scoring, credit decision making, approval workflows, automated periodic reviews, credit holds/order releases, dashboards and reporting.
Guidelines to building custom score cards
Highlighting key components of the score cards, how to choose the right data metrics that matter for your business/industry and how to develop an effective credit scoring system specific to your organization.
Benefits of integrating third party credit reports
Featuring automated data capture/retrieval from external credit bureaus and portfolio risk analysis using automated reports.