Credit management is risk management
Particularly for SME, delinquencies can lead to existential losses. Traditionally, the administration and the reminder of payment delays or even non-payment form part of what is called claims or credit management. Optimizing the claims management is becoming increasingly important. The aim is to introduce customers to risk management in addition to credit management and thereby prevent payment default in advance by selecting trustworthy customers or contractors.
We optimize your credit management with the help of comprehensive, analytical risk management. We implement processes to avoid defaults. Risk-based credit management combines your business data with external scoring and reduces the risk of payment defaults clearly. For this, we are implementing B2B credit checks for SME with our partners and create so-called behavioral scorecards. These behavioral scorecards evaluate the probability with which existing customers will no longer be able to meet payment obligations in the course of a business relationship. These scorecards update automatically via a real time connection to external scoring. You always get a current assessment of your business partner as part of your risk management. This way, you transform your reactive credit or claims management into a preventive instrument.
How does this work?
Our risk models rely on scoring of our external partners and internal parameters defined in collaboration with you. These models are constantly retrained to meet predictions about possible payment defaults. As an integrated part your business processes they automate decision making.
- Better protection for your business against non-payment
- Optimized processes after integrating our risk models
- Fewer customers in dunning levels
- Identification and prevention of fraud