Online Help Home > Getting Started > What is eCredit?
What is eCredit? |
|
Overview |
The eCredit software provides a comprehensive collections, credit processing, scoring and risk assessment solution. eCredit combines automated credit decisions, automated collection activity, and tools for in-depth customer analysis into one, web-based application. In addition, eCredit stores all customer information and credit data in a central, electronic repository, and provides you with immediate access to credit processing transactions and decisions, and collection activities from any computer, or location. Automated Decisions Using theProcess Automation Engine as an underlying and embedded technology, eCredit supports real-time, fully automated credit decisions. A customer's credit information is gathered at the point of origination, then it is processed using your company’s unique credit policies and scorecard, and a decision is returned in real-time. When an application fails the automated scoring acceptance criteria, eCredit provides tools such as financial ratio calculations, work queue functionality, and standard portfolio analysis to aid you in efficiently making the best decision. Credit The credit module of eCredit combines capabilities for real-time risk scoring or credit line assignments, with in-depth analysis capabilities that ensure a company’s most important credit decisions are based on the most comprehensive information available. The rules-based engine leverages this rich data and automates your credit policies to handle every credit request with greater efficiency and consistency – from lower value transactions that can be fully automated, to high-value credit applications that require thorough risk and portfolio analysis. Plus, eCredit offers critical workflow management capabilities to streamline credit activities for greater efficiency and productivity, all based on your company's specific business processes. Collections The collections module of eCredit speeds the order-to-cash cycle, and automates time-consuming manual tasks, making the most of every minute a collector spends in the office. Our flexible automation technology enables you to customize unique collections strategies that can be automatically assigned to invoices based on customer risk scores, invoice amounts, or other parameters. As a result, collections activities can be automatically queued and prioritized for collectors, improving productivity and streamlining workflow. Collections makes it simple to spot and manage troublesome accounts early, document and manage disputes, correspond with customers, and track promises to pay. So you can reduce bad debt, improve cash flow, and in turn, lower DSO. |
Related topics |