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    Bectran

    Credit, Collections & Accounts Receivable Management

    Transform your credit department with digital task management and process automation.

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    Credit Management

    Credit Application System Credit Application System Credit Management Workflow Credit Management Workflow Credit Analysis & Decision Credit Analysis & Decision Accounts Receivable Review Accounts Receivable Review
    Construction Job Sheet System Construction Job Sheet System Credit Document Management Credit Document Management Credit Operations Management Credit Operations Management Auto Decision Manager Auto Decision Manager

    Collections Management

    Collections Tasks Management Collections Tasks Management Collections Officer Digital Workspace Collections Officer Digital Workspace Pre-Collections Tasks Management Pre-Collections Tasks Management Promise-To-Pay Plan Promise-To-Pay Plan

    AR Management

    Disputes, Claims & Settlements Disputes, Claims & Settlements Cash Application Invoicing, Billing & Payments Invoicing, Billing & Payments AR Portfolio Analytics AR Portfolio Analytics Order Hold Management Order Hold Management
  • Enterprise

    ENTERPRISE

    Enterprise Data Management

    Seamless integration with clients’ back-end ERPs, CRMs and e-commerce sites for fast two-way delivery of credit data. Request a Demo
    Consumer Credit Reporting
    Connect directly to credit bureaus within the Bectran platform.
    Corporate Business Credit Reporting
    Verify new companies’ financial data and corporate history.
    Payment Method Verification
    Authenticate payment methods before approving applications.
    Corporate Registration Verification
    Verify corporate registrations to mitigate fraudulent activity. 
    Personal Identification Verification
    Mitigate fraud by verifying driver’s license information.
    CRM Integrations
    Integrate directly with your preferred CRM to speed up communication.
    E-Commerce Integrations
    Link your preferred e-commerce platform directly with Bectran.
    Financial Data Repository
    Verify the financial history of any publicly traded US company.
    Construction Lien Tracking Integration
    Track and organize lien information with the click of a button.
    UCC Filing Data Integrations
    Retrieve UCC filing data without ever leaving the Bectran platform.
    Payment Gateways
    Effortlessly connect your preferred payment gateway directly to Bectran.
  • Pricing
    Credit Management
    Choose from multiple levels of user access, module combinations and volume tiers to create pricing built especially for your business.
    AR & Collections Management
    Like our credit management plans, pricing for AR & collections modules are built specifically to meet the unique needs of your company.
    Custom Pricing
    Build a pricing package to fit your company’s growth objectives. Contact our sales team to create a custom pricing plan today.
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Tech Topics /

Building the Credit Management Process in a Digital Environment

Do you sell directly to the customer or to distribution? Does your customer base consist of small mom and pop shops or large multinational companies? These differences drive differing operational and strategic credit requirements. Because of these strategic differences in credit management work process across companies, a one size fits all approach to bringing the credit department into a digital environment does not work.

By Daniel Gambrell   |   September 25, 2017

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, the fungibility of the product, margins, and logistical challenges. Other drivers of these differences are customer base and go-to-market strategy. Do you sell directly to the customer or to distribution? Does your customer base consist of small mom and pop shops or large multinational companies? These differences drive differing operational and strategic credit requirements. Because of these strategic differences in credit management work process across companies, a one size fits all approach to bringing the credit department into a digital environment does not work. The Bectran platform provides an adaptive and configurable framework that allows companies to address the specificities of their credit management process while leveraging a world-class credit management workflow. Key components of this adaptive and configurable framework include the Multi-Business Support and Operations Management modules.

Multi-Business Support

Multi-Business Support enables diversified organizations to organize and manage credit transactions both at the group level (division, region, subsidiary, etc.) and at the corporate/consolidated level. In practice, this allows for such functionality as the use of multiple credit applications, terms, policies, and hierarchies based on business units. It also allows each unit to utilize best practices based on their specific business requirements. Data from the different units is aggregated at the corporate level enabling CFOs, Credit Directors, and Treasurers to review performance and manage credit at multiple levels of granularity across the organization. This allows for the seamless digital adaptation of credit operations to support the underlying structure of the business.

Multi-Business Support

 

Operations Management

While Multi-Business Support organizes operations at varying organizational levels, the Operations Management module utilizes a suite of tools to organize credit tasks by responsibility and streamlines the Sales/Customer Service function with the Credit/Finance function. Managers can easily allocate and monitor tasks and workloads utilizing intelligent work queues that range from simple to highly complex credit management rules and procedures. Communications and data sharing tools streamline correspondence and data flows between roles. Operations Management ensures everyone knows what they need to do and that they have the correct data to do it.

Operations Management

Tools like Multi-Business Support and Operations Management enable you to streamline operations across diversified roles and organizational structures. Adapting your process to a digital environment increases productivity, delivers instant visibility into your process, and enables collaboration across the organization.

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