By : Daniel Gambrell On : 24 November, 2017 In : Tech Topics

Digital transformation is rapidly upending existing business practices. Automation, robotics, artificial intelligence, AR/VR, cloud computing, big data, internet of things, etc. promise to upend existing business practices, create new business models, and transform the business landscape. Historically, new technologies created competitive advantage for early adopters. New digital technologies promise theRead more

By : Daniel Gambrell On : 27 October, 2017 In : Tech Topics

  Corporate Finance Automation Goes Mainstream According to new research from the Hackett Group, two-thirds of large multinational companies plan to automate components of their finance department in the next 2-3 years. Cited reasons include resource reallocation, error reduction, and elimination of rote tasks from employee workloads. Even though corporateRead more

By : Daniel Gambrell On : 13 October, 2017 In : Tech Topics

New technologies allow unprecedented speed, productivity, and insight into the credit management process. However, many credit departments are still using traditional ways of processing credit. These traditional processes rely heavily on manual, paper-based tasks. The credit employee spends large amounts of time faxing, filing, following-up, emailing, aggregating data, analyzing data,Read more

By : Daniel Gambrell On : 06 October, 2017 In : Tech Topics

Information Security Risk Credit departments hold sensitive and personally identifying information such as social security numbers, copies of driver’s licenses, credit card numbers, etc. Storage of sensitive information on physical media, such as paper, increases the risk that information is lost due to storage medium corruption or destruction in theRead more

By : Daniel Gambrell On : 25 September, 2017 In : Tech Topics

Need for an Adaptive & Configurable Framework Universally, across industries and companies, the credit management process follows the 80/20 rule. 80% of the credit management process is the same across companies while 20% is highly company specific. These company-specific differences are driven by industry attributes such as product type, theRead more

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By : Dominic Biegel On : 16 August, 2016 In : Tech Topics

Processing paper-based credit applications manually is a painful, unenticing and tedious process. Not only is this process inefficient, it also leads to low levels of job satisfaction due to its monotonous nature with a high potential for poor quality service delivery to customers. The manual approach to credit processing isRead more