The Francfort Consulting Group helps you make credit decisions, per- form collections individually tailored to your customers, and monitor internal and external collection activities. As part of the consume- to-cash process for high-volume business, Francfort Consulting Group offers best- of-breed functions along the entire value chain – from online rating and charging to convergent billing and invoicing. You can thus effectively decrease loss of receivables and days of sales outstanding (DSO), thereby reducing credit costs. With The Francfort Consulting Group you can efficiently manage your credit management processes across the entire organisation – even in subsidiaries and national affiliates beyond national boundaries, either internationally standardised or by taking specific national characteristics into account. To this end, The Francfort Consulting Group has numerous features particularly supporting international application, such as provision for different currencies, adherence to international compliance rules, adaptation of the processes to country-specific requirements, etc.
- Deliver a reliable, comprehensive credit score of customers
- Automate routine collection tasks
- Impose stricter terms and conditions on customers with low credit scores
- Analyze the collection process to identify the most effective approach to receiving payment
- Reduced risk by considering the complete credit and collection history of customers
- Credit scoring and segmentation to assess the credit risk of customers
- Integrated analytics to run reports on collection strategies and analyze write-offs and payment agreements Benefits
- Improved customer retention by extending services to customers appropriate to their credit risk assessment
- Decreased costs by automating routine tasks in the credit and collection processes
- Calculation of an individual credit index and a corresponding credit limit for each customer
- Reduced risk by considering the complete credit and collection history of customers
- Improved customer retention by extending services to customers appropriate to their credit risk assessment
- Decreased costs by automating routine tasks in the credit and collection processes
- Reduce your credit costs (by decreasing bad debts, DSO, etc.)
- Optimise your credit management processes (e.g. through automation)
For further details regarding CREDIT MANAGEMENT features please contact us. We would be happy to advise you in a personal meeting.