Thursday, August 2, 2007

Why We Need Oracle Credit Management

Good customer scoring strategies will have better visibility, quicker decision making, reduces manual efforts and increase in the profitability

It can be easily configured on top of an existing 11i implementation

Easy configuration depending on requirements.

On line credit application and approval process will eliminate many home grown systems

Controls escalating and higher incidences of bad debts

Reduces collection cost and diminishing returns

Reduces the credit-to-cash life cycle

We can have aggressive and/or conservative credit policies based on customer classes

Track credit performances and history of credit decisions and run reports as needed

Continuous and scheduled periodic credit evaluations for high risk customers or for all customers

Matches global credit policies ( In MNC Scenario)

Strong internal controls

Lack of visibility in International Credit. Can handle financial risks in global market