Esker launched its credit management solution to enable businesses worldwide to manage and optimize their credit-to-cash process.
As a natural extension of Esker’s accounts receivable solution within Esker’s order-to-cash platform, this credit management solution enriches Esker’s offer to help businesses secure the credit approval process, manage risks and make the credit management process smarter.
Automated and secured online customer onboarding
With Esker, businesses can easily automate new customer onboarding and secure their credit approval process. Credit application templates can easily be customized according to customer profile or industry and sent via email or embedded in a website link. Credit managers can rely on a secured credit approval process through advanced workflow rules and monitor credit application status and tasks through a customizable dashboard.
Real-time credit risk management monitoring
Esker’s credit management solution helps credit managers anticipate existing customers’ credit risks by automating periodic credit reviews, creating alerts and providing information on internal and external credit data. Additionally, Esker offers a 360-degree customer repository that includes all customer-related documents, credit and business information to make informed decisions and ensure that risky customers remain under control.
Credit scoring with leading credit bureaus
Esker is working with external credit bureaus for greater information sharing to fine-tune risk management processes. Credit data is retrieved from the applicant’s credit bureau and displayed on the credit application form or customer profile. Information is readily available to credit managers when approving credit applications or reviewing customers’ credit situation thanks to seamless API integration.
“We are helping businesses secure their revenue through an optimized credit approval and risk monitoring process,” said Maud Berger, product manager at Esker. “As a result, customers’ credit risk stays under permanent control and businesses benefit from more efficient collaboration between sales and credit departments. Our AI-based technology will help our customers make the best credit decisions and enhance their entire credit-to-cash process, insure revenue and increase sales.”