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By : Mary Guider-Shaw On : 21 February, 2017 In : Solutions

Organizing and Managing tax exempt certificates and licenses can be a very tedious manual process. Manual tasks involved include: validating expiration of certificates, tracking and monitoring the inventory of tax exempt certificates for validity to minimize potentials for tax liability, periodic and on-demand reporting, etc. These tasks often significantly interfereRead more

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By : Alicia Maderak On : 16 November, 2016 In : Solutions

Over time, the manual storage and organization of credit information can be a daunting task and takes an incredible amount of storage space. Such a manual mode of storing and managing credit information lacks adequate security and is highly prone to being compromised or even destroyed without the possibility ofRead more

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By : Dominic Biegel On : 20 October, 2016 In : Solutions

Managing high volumes of credit requests (includes credit applications and requests for credit limit increases by existing customers) can be expensive for a company in terms of customer service quality and credit risk. Traditionally, with higher volumes of credit requests, companies tend to either hire more staff or lower theRead more

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By : Dominic Biegel On : 19 September, 2016 In : Solutions

In order to establish appropriate credit limits/terms, businesses have relied on the mutual sharing of data to best predict future payment trends based on past payment history of service/product buyers (customers). This requires cooperation between businesses who have a mutual goal of getting paid on time. Trade and Bank referenceRead more

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By : Alicia Maderak On : 02 July, 2016 In : Solutions

Virtually Organize the Credit Department Often times, credit review activities are aligned with the business structure of a company. For most highly diversified companies, credit operations are organized around operating units and consolidated at the corporate level.  The greater the complexity and diversification of a company’s business structure the moreRead more

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By : Louis Ifeguni On : 14 June, 2016 In : Solutions

Adapting the Credit Management Process to Your Company’s Unique Business Approach From SMEs to major Fortune 500 companies across industries, there are often significant differences in credit management approaches. Such differences most times underscore the core strength of a company’s credit process. Often times, technology solutions impose standards and limitationsRead more

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By : Dominic Biegel On : 17 May, 2016 In : Solutions

One size does not fit all, especially in credit risk management. Better understanding of the credit risk profile of your customers leads to better credit decisions, likewise poor understanding leads to poor credit decisions. Traditional Scoring Systems Traditional credit risk assessment methods rely heavily on manual methods of data capture,Read more