An advanced, fully automated “cloud” credit application eliminates wasted time, paper shuffling, emails, faxes, telephone tag, etc. The easiest way to explain the concept is:
- The customer fills out the online application, e-signs any agreements, guaranties, forms, etc., and clicks a button to submit.
- With 100% automation, we produce a complete credit file, ready for approval, or using workflow you can to delegate it to someone else for action or decision.
- The multiple-day process, the manual work, and the expense to set-up new customers and approve new orders can be slashed by 80%.
Benefits and ROI
- Speed. Accelerate speed of order approvals, reducing the time up to 80%, in many cases from days to just hours.
- Costs. Eliminate almost all manual work, and the wasteful cycle of follow-up calls, faxes, emails, hard copy forms, and letters.
- Accuracy. Get more accurate information directly from the source (the customer), eliminate manual entry errors.
- Better Credit Decisions from having complete and timely information.
- Customer Relations. Improve customer service with a “frictionless” process with your branding that eliminates the wait for order approvals.
Partial Integrated Features List
- Workflow and Calendar guide the process from the point the customer submits the application until you approve it.
- Trade References are automatic, including customer-supplied references.
- Bank References are automatic, fast, and complete.
- Credit and Payment Scores can be integrated
- Financials. Customer-submitted and public company financials are included automatically.
- Automatic Reviews based on your rules.
- Workflow, authorization levels, and automated updates keep your records up-to-date, for example, refresh financials or adjust credit lines when payment experience changes.
- The information you need for legal compliance, including valid digitally signed agreements and documents.
- Online Sales Tax Exemption Certificate File to keep you compliant.
- Include existing customers for automated monitoring, updates and periodic updates (such as private financials).
- Integration with your ERP and customization for special needs are available.
Please contact us for more information on how this technology can make a difference in your organization.