In order to tackle the necessary tasks of credit management a lot of data and information has to be collected, evaluated and then the results agreed upon with various internal departments as well as externally with service providers such as trade credit insurance companies. Classically, many steps in this process were, and are, carried out manually, are not subject to any defined procedure and are either not documented at all or not in a uniform manner. This situation in credit management leads to a lack of transparency, inefficiency and even procedural steps being forgotten.

It is the task of credit management software to support the necessary business processes. To do this, it is important that the software solution used offers the possibility to represent workflows and decision-making rules in the system. The resulting transparency enables possible improvements to be identified and optimizations to be made. The fast and flexible adaptation of existing workflows to changing business processes or new conditions is thereby indispensable. It is also essential that the credit management system can be seamlessly integrated into or connected with peripheral systems.

The workflow management integrated into CAM Industry & Trade supports you as a credit manager in the organization of your credit risk management tasks – also interdepartmentally.

The depiction of workflows and the clarity of responsibilities lead to significantly improved collaboration in your team. Among other things, you have the possibility to create resubmissions or to delegate tasks to colleagues. The recording of stand-in rules and escalation levels is also easily possible. Ultimately, workflow management is necessary before there is the possibility to automate individual working steps and therefore complete business processes. You therefore gain noticeable relief from routine tasks and have more time for the more challenging activities.

Your advantages

  • Easy automation of business processes
  • Simple adaptability of workflows to new requirements
  • Clarity regarding procedures – even with multiple stages
  • Clear responsibilities including stand-in rules
  • Better cooperation between departments
  • Higher efficiency

CAM Industry & Trade automates the workflows in credit management. Your staff no longer need to run after information, the system notifies them when information is available. The software brings all the threads together and makes your work easier.

Intelligent workflow management with CAM Industry & Trade

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