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Industry
Monitoring, reporting and credit scoring efficiently interlinked
CHALLENGE
Previously organised on a decentralised basis, the globally active industrial group wants to make its receivables management more efficient and align it with uniform standards. The goal is to massively reduce the manual effort at the individual locations and to create more possibilities for targeted, comparable reports. The central challenge here is to develop a solution that can handle payment transactions with 300,000 customers all over the world – from small farmers in Asia to large purchasing groups in the USA.
APPROACH
What currencies does a central system need to capture? What does it need to adequately reflect the different risks in the individual markets? What can be centralised, where are individual decisions by local credit managers indispensable? Based on a comprehensive analysis, DMA assists the company in implementing a new, comprehensive application for receivables management and credit scoring. The application includes the monitoring of accounts receivable and payment behaviour, automatically calculates credit scoring and allows for attractive, easy-to-interpret reports.
BENEFITS
Better insights and faster provision of data: The newly developed system strikes the right balance between central control and locally necessary individualisation. Instead of working on isolated platforms, credit managers worldwide work in a common environment that enables high-performance credit scoring and accelerated reporting. In this way, the group can react at any time if, for example, political conditions change – and significantly reduce the number of bad debts.
Industry
Monitoring, reporting and credit scoring efficiently interlinked
CHALLENGE
Previously organised on a decentralised basis, the globally active industrial group wants to make its receivables management more efficient and align it with uniform standards. The goal is to massively reduce the manual effort at the individual locations and to create more possibilities for targeted, comparable reports. The central challenge here is to develop a solution that can handle payment transactions with 300,000 customers all over the world – from small farmers in Asia to large purchasing groups in the USA.
APPROACH
What currencies does a central system need to capture? What does it need to adequately reflect the different risks in the individual markets? What can be centralised, where are individual decisions by local credit managers indispensable? Based on a comprehensive analysis, DMA assists the company in implementing a new, comprehensive application for receivables management and credit scoring. The application includes the monitoring of accounts receivable and payment behaviour, automatically calculates credit scoring and allows for attractive, easy-to-interpret reports.
BENEFITS
Better insights and faster provision of data: The newly developed system strikes the right balance between central control and locally necessary individualisation. Instead of working on isolated platforms, credit managers worldwide work in a common environment that enables high-performance credit scoring and accelerated reporting. In this way, the group can react at any time if, for example, political conditions change – and significantly reduce the number of bad debts.
Industry
Monitoring, reporting and credit scoring efficiently interlinked
CHALLENGE
Previously organised on a decentralised basis, the globally active industrial group wants to make its receivables management more efficient and align it with uniform standards. The goal is to massively reduce the manual effort at the individual locations and to create more possibilities for targeted, comparable reports. The central challenge here is to develop a solution that can handle payment transactions with 300,000 customers all over the world – from small farmers in Asia to large purchasing groups in the USA.
APPROACH
What currencies does a central system need to capture? What does it need to adequately reflect the different risks in the individual markets? What can be centralised, where are individual decisions by local credit managers indispensable? Based on a comprehensive analysis, DMA assists the company in implementing a new, comprehensive application for receivables management and credit scoring. The application includes the monitoring of accounts receivable and payment behaviour, automatically calculates credit scoring and allows for attractive, easy-to-interpret reports.
BENEFITS
Better insights and faster provision of data: The newly developed system strikes the right balance between central control and locally necessary individualisation. Instead of working on isolated platforms, credit managers worldwide work in a common environment that enables high-performance credit scoring and accelerated reporting. In this way, the group can react at any time if, for example, political conditions change – and significantly reduce the number of bad debts.