SAP Credit Management for Successful Risk Management
Credit management helps companies to identify the risk of bad debts among their business partners at an early stage and to make efficient, practically automated credit decisions.
An old adage says a purchase is a gift until the product delivered has been paid for – and it still applies today.
Effective credit management helps you to register changes in customer behavior and to minimize the impact of customer insolvency and the associated loss of payments. Many enterprises have been using credit management for a long time now as an effective mechanism for managing credit decisions and taking positive action to protect themselves from financial losses. Thanks to credit agencies' connection to the cloud, business partners' external information is kept up to date without the need for third-party providers and complex programming of interfaces to the SAP system!
If you want to switch to an automated, digitized accounts receivable process, our experts will be happy to help!