Il database del credito nel credit monitoring
Credit monitoring e credit data: gli strumenti che permettono di collezionare dati provenienti da una moltitudine di sistemi sorgenti diversi.
Untraceable customers and excessive collection time?
The credit risk generated by the customer portfolio represents one of the main causes of liquidity crisis for a company, up to the risk of approaching commercial bankruptcy even for the most solid companies.
Trade Credit Monitoring is the service designed for customers with exposure: it intercepts any possible risk and enables timely action to protect credit and possible losses.
Information systems collect the information needed for monitoring activities, from external sources (e.g., infoproviders, insurance companies or rating agencies) and internal sources (accounting exposure, past due and payment regularity ratios, qualitative reports).
Credit Monitoring is a BGP service based on a data warehouse that integrates all customer performance indicators (KPIs). It allows intercepting counterparties with potential problems and building worklists to manage potential anomalies.
The intercepted positions are presented in dedicated customer files that enable credit management actions, including approval workflows.
Optimize the collection cycle in order to maximize the company’s investment in receivables
Minimize credit losses, i.e., reduce bad debts on individual customers
Reducing payment times and evaluating higher-risk customers
Investment choices in receivables according to both quantitative and qualitative criteria
Management of defaults and, if necessary, the transfer of risk
Improve the company’s image, rating and market positioning
Choose the adoption of effective processes and systems for monitoring Trade Credit, the real strategic factor in ensuring cash flows and reducing outstanding receivables.
