AvantGard Credit Facilitation
Evaluation and scoring of all portfolio accounts helps to reduce bad debt expense and adhere to Sarbanes-Oxley regulations. AvantGard Credit Facilitation helps companies score accounts, automate credit processes, monitor risk fluctuations, assign accounts for review and facilitate compliance by applying repetitive, consistent and auditable policies to all accounts. It also allows evaluation of data such as payment history and disputes in order to deliver a comprehensive credit risk assessment.
Features
- Integrates credit risk facilitation with collections and allows dynamic adjustments of collection strategies based on risk
- Incorporates data feeds from trade credit groups, financial statements and third party bureau data providers
- Provides custom ScoreCards to incorporate paying habits with external sources
- Includes embedded credit policy that triggers automated credit reviews and alerts on potential risk in the portfolio
- Provides an online, centralized repository of credit data
- Allows online credit application processing and the ability to send trade and bank references from the desktop
Benefits
- Reduces bad debt expense and appropriately allocates resources
- Integrates trade and bureau data for better credit risk evaluations
- Establishes credit risk grades
- Helps ensure that accounts are regularly reviewed for risk
- Offers quick access to credit information, such as SEC reports, bureau data and trade references
- Minimizes the time spent on manual processing