Esker, a worldwide leader in AI-driven process automation solutions and pioneer in cloud computing, announced the launch of its Credit Management solution to enable businesses worldwide to manage and optimize their credit-to-cash process. As a natural extension of Esker’s Accounts Receivable solution within Esker’s Order-to-Cash platform, Credit Management enriches Esker’s offer to help businesses secure the credit approval process, manage risks and make the credit management process smarter.
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“We are helping businesses secure their revenue through an optimized credit approval and risk monitoring process”
According to a recent report by Euler Hermes, corporate insolvencies are on the rise globally and expected to increase 20 percent to $3.5 billion in 2020, largely resulting from the COVID-19 pandemic. Today more than ever, organizations must thoroughly evaluate their credit risk and clearly understand to whom they’re selling on credit.
From the digitalization of credit applications and approval processes to monitoring of the existing customer portfolios, Esker provides credit managers with the required information to lower credit risks and secure their revenue.
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Automated and secured online customer onboarding
With Esker, businesses can easily automate new customer onboarding and secure their credit approval process. Credit application templates can easily be customized according to customer profile or industry and sent via email or embedded in a website link. Credit managers can rely on a secured credit approval process through advanced workflow rules and monitor credit application status and tasks through a customizable dashboard.
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