Companies work with different applications and systems to limit the risks and update the data. These can help you in setting up and designing your credit management.
Acceptance system: Based on credit information, you determine whether a new customer is accepted or not. This can be a manual or automated process via our Check & Decide system.
Monitoring system: This system checks the entire portfolio for continuous insight into existing customers and suppliers. Certainly relating to chain parties, the latter is essential.
Find out how to implement monitoring in your organisation
Invoicing system: Invoices may be sent manually or automated via systems such as DocuSign, and reminders must be logically aligned.
Bookkeeping system: All receivables and payables are booked in this system, which is the basis for insight into the cash flow and receivables risk.
CRM system: The Customer Relationship Management (CRM) system lists information relating to agreements, contact and contracts with customers. Complaints can also be processed in this system, for better insight into the background of non-payment.