Days Beyond Terms Trend Analysis, Credit Reporting and Management.
Provides early warning of At-Risk Customers.
Cforia's Credit Management Automation leveragespayment trend information that is locked within your
accounting system to alert you when a customer is at
risk. Most, if not all, ERP systems fail to deliver accurate
Days Beyond Terms data. Trend analysis is very difficult
to calculate due to lack of historical analytics.
Cforia Software separately tracks "clean and dirty" receivables
to improve the accuracy of individual customer DBT and trend
analysis. Clean receivables are defined as transactions that
are not disputed and whose receipt is highly probable. Dirty
Receivables includes transactions that are disputed or
customer debits. Separate tracking of these two classes
allows our system to quickly identify the correct amount
that each customer "should" be paying to keep their account
current.
Set thresholds by customer type. Establish rules that apply
to different customer sizes and industries. Handle seasonality
automatically.
Automatic notifications are triggered when a customer exceeds a threshold. Follow up tasks are created and assigned to
credit analysts to perform comprehensive risk assessment.
Drive Timely Credit Reevaluations through a time based credit analytics engine. Automatically pull summary credit data
from Experian, Equifax, Graydon, NexisLexis, and EDGAROnline. Create a prioritized queue that flags candidates for
extensive, immediate in depth evaluation. Assure compliance with corporate controls that require credit reevaluation of all
customers within a specified time period.
Credit Risk Classification leverages Days Beyond Terms, separate "Clean and Dirty" receivables tracking, consumption of
credit limit and credit reporting services to assign a numerical value to every customer. The risk scoring algorithm can be set to
calculate and present your corporation's established risk methodology.
Audit Trail provides indelible documentation about the risk classification of every customer at a given point in time. Track
timing of credit reevaluations and outcomes.
Features:
- Works with any ERP system(s) including SAP, Oracle, Baan, Lawson, PeopleSoft, JD Edwards, BPCS, MAPICS,
Dynamics, Progress, custom and QAD. - Calculates Days Beyond Terms and consumption of credit limit for every customer.
- Adjusts for "Clean and Dirty" receivables.
- Automatically pulls credit data from Experian, Equifax, Graydon, NexisLexis and EDGAROnline.
- Assigns customers with deteriorating credit metrics to analysts for in depth follow reevaluation.
- Maintain an audit trail of customer credit history and rating actions.
- Provides a consolidated credit management environment across disparate systems.
- Be proactive rather than reactive to changes in your customers credit status.
- Better credit report coverage of international and small business at much lower price point.
- Comply with corporate control standards that require time based credit reevaluations for every customer.
us manage our customers to reduce our DSO by 50%." - Otis Spunkmeyer
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Days Beyond Terms Trend Analyis and Credit Management Flash Demo.
