Especially when large volumes are involved, decisions on credit limit applications are often subject to a multi-level authorization process. During the credit checking process all the relevant information (creditworthiness check), payment records and authorized insurance limits must be taken into account. Manual activities can often cause loss of valuable time and are a source of errors in this complex process.

With specialized credit management software credit checks and decisions can be partially or fully automated. Questions such as "Up to which limit should the company be allowed to make purchases?" or "Is the customer allowed to buy now and pay later or is he only offered the option payment with order?" can therefore be answered in a very short time. Decisions are thereby made on the basis of the credit policy of your company that has been set up in the system.

With CAM Industry & Trade credit limit checks and authorizations as well as decisions about the level of limits can be automated with workflow support. The principle of multiple decision-makers and flexibly definable authorization processes can easily be represented through the integrated workflow management. The automation of the processes leads to fast and at the same time secure decision-making regarding the amount and conditions of credit limits. Through the connection to a portal, feedback about the application can be given directly to your customers – including the justification for your decision.

The inclusion of all risk-relevant information also takes place automatically in CAM Industry & Trade. To do this, we offer standard interfaces to the most commonly used information suppliers, from business information agencies to payment record pools and bank reports.

This is what automated credit limit checks does

  • Real-time checking of debtor risks and determination of credit lines
  • Fast decisions on limit applications and their conditions
  • Creditworthiness-dependent selection of payment alternatives e.g. limitation to payment with order in the case of poor creditworthiness
  • Realization of a multi-eye principle (multiple decision-makers)
  • Reduction of default on payments and the necessity for provisions for bad debt
  • Transparency and comprehensibility through the historization of all decisions
  • Increased customer satisfaction

Online portal

Make your customers happy. We enable fast decisions at the point of sale. For this purpose, we realize credit limit decision-making processes for you, e.g. using an online portal or directly integrated into your existing processes. Selling has never been so easy. Your customers will be satisfied and will be pleased to buy from you again. The process for checking credit limits and making decisions about them thereby runs automatically in the background. In preparation we set up your individual rules and limits. Having taken into account all relevant information and decision-making criteria, and possibly also utilizing the automated collection of external information, the result of the credit limit check can be viewed directly on the portal, quickly and reliably.

The advantages of automated credit checks

  • Fast credit limit checks and decisions
  • Creditworthiness-dependent payment conditions
  • Increased customer retention and satisfaction
  • Relief from routine activities
  • Cost savings

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