CreditCenter

In today's volatile markets, corporate default risk is higher than ever before. Companies keep a more watchful eye on their exposures to customers. At the same time, these companies’ vendors keep a more watchful eye on them. Here are some ways SolArc CreditCenter can improve the capabilities of any credit department:

• CreditCenter allows credit and treasury departments to set company credit policies as standard across their organizations and to track and enforce these policies across all system activity.
• Defining new credit instruments and the rules in how these instruments are applied to exposures, companies can use CreditCenter in ways that benefit them most.
• Forward or anticipated receivables exposures and mark-to-market exposures can give credit managers new insights into problems before they occur. CreditCenter updates exposures for both physical and financial deals throughout the lifecycle of the exposures, from deal entry through invoice payment.
• CreditCenter helps credit managers score customers in automated ways, downloading financial data from publishing houses, and in manual ways for companies perhaps too small to publish direct financial data. With CreditCenter, it’s much easier to set up standard scoring rules and apply them consistently across thousands of customers.
• In many cases a company's own credit is being closely watched by others, and the company is posting its own credit instruments to secure movement of products, handling prepays and loans, and so on. CreditCenter gives them the means to easily track this activity. To manage costs better, reports show instruments by issuing bank rather than by customer.

CreditCenter integrates seamlessly into RightAngle to leverage all the high-quality transactional data generated by the system, ensuring that the credit department has a full picture of the activities going on across the enterprise.