Credit Management provides you with comparison tools that help you to determine if your credit policies have adequately assessed the creditworthiness of your customers.
On the Performance tab, you can access simple views into the workload and effectiveness of the checklists and scoring models that you have set up and used in credit reviews.
The Credit Workload Quick Check displays a summary of:
Number of Credit Reviews in Process
Number of Automatic Reviews Processed
Number of Customers on Credit Hold
The Quick Check provides you with a view into the amount of work that is outstanding. A high number of in-process reviews can indicate that a delay exists in meeting credit review completion goals.
The Top Ten Customer Credit Exposure report provides you with an overview of the top ten customers with the greatest receivables balance.
By drilling down into the Aging details, you can see whether there is cause for concern.
Use this comparison to view pertinent trend data from one credit review to the next for an account. Comparison data from each case folder includes the receivables balance, weighted average days paid, and days sales outstanding.
This is particularly useful for accounts who have a long-term relationship with you and are assigned a periodic review cycle.
To perform this comparison, the account must have more than one case folder for a credit review type, and the case folders must have a status of Closed. The credit reviews must also use the same credit currency.
Use this comparison to determine whether your credit policies have adequately assessed the creditworthiness of your customers.
This page displays the checklists that were used in completed credit reviews during the past year, broken down by month.
In addition, this page compares the checklist and credit score objectives with related recommendations, and identifies where the credit limit recommendations were above and below acceptable thresholds.
An average risk factor for each checklist is displayed, and is a ratio of the credit limits implemented vs. the calculated credit exposure for the customer.
The risk factor ranges from positive to negative:
A positive number indicates that the credit limits might be set too conservatively
A negative number indicates an aggressive credit policy
The absence of a risk factor indicates that a risk factor could not be calculated due to missing data.
Use this comparison to determine whether your scoring model ranges are correctly scored to ensure accurate recommendations.
The risk factors for each scoring model, calculated similarly to the checklist risk factors, provide intelligence about your enterprise's credit reviews that included a scoring model with credit limit recommendations.
Use this outbound credit reference page to respond to trade requests from other companies.
Search for a customer, then create a printable credit reference that contains payment history and high credit.