Thanks launches its ‘Credit Management’ solution to allow companies manage and optimize your credit to cash process. As a natural extension of Esker’s accounts receivable solution, within its Order-to-Cash platform, ‘Credit Management’ seeks to enrich the offering of solutions to help companies secure the credit approval process, manage risk and make credit management more efficient.
According to Esker, organizations must carefully assess their credit risk and clearly understand to whom they are selling on credit. Therefore, it claims to offer information ranging from digitization of credit applications and approval processes to monitoring of existing client portfolios.
Automated customer validation
Businesses can easily automate new customer onboarding and secure their credit approval process. Credit application templates can be easily customized according to customer or industry profile and can be sent via email or integrated into a web page. Credit managers can rely on a secure and automated credit approval process through advanced validation rules. They can also monitor the status of credit applications through a customizable dashboard.
Real-time monitoring of credit risk management
Esker’s credit management solution wants to help credit managers anticipate the credit risks of their existing customers by automating the periodic review of accounts, creating alerts and adding internal and external data on their credit situations. In addition, Esker offers a 360-degree customer repository that includes all customer-related documents, credit and business information to make informed decisions and ensure risky customers remain under control. “We help companies ensure their results through an optimized credit approval and risk monitoring process“Said Maud Berger, Esker Product Manager.
Esker’s credit management solution is currently available to current and future customers in the US, France and Australia, and will be rolled out globally by the end of 2020.
— .
