Scale your business with fast, confident limit decisions.
Our software allows you to automate your decision and limit management processes while retaining full control of your business. In addition to the ability to make decisions fully automatically or with any level of manual intervention, you can quickly and easily customise processes, decision rules and other aspects to suit your own needs. The result is fast, secure and documented decisions and the ability to scale your business.
Get the competitive edge!
As a factor, you face the challenge of meeting the increasing expectations of customers in terms of smart application and fast feedback.
In addition, you can only meet increasing demand for factoring services if you can scale your offering - manual processes are no longer cost-effective as inquiries increase.
And of course, in an uncertain market environment, you are more dependent than ever on correctly assessing and hedging risks. In addition, compliance, KYC, and other regulatory requirements are becoming more diverse and complex all the time.
With the credit risk management software CAM Financial Services for factoring providers, you receive a fully integrable solution that paves the way to growth and success – and fully complies with regulatory requirements.
"We have been using CAM in our company for 15 years. This is our credit risk management software, our heart of credit decisions. It's a central software that we use, where all the logics and processes on credit decisions are implemented."
"CAM is an essential software in our system landscape. In credit risk management, the software leads to quick limit decisions, which is an elementary component for us as a factor."
"SCHUMANN enables us to make automated credit decisions for non-risk-relevant business within seconds. CAM is the crucial technical prerequisite for the strong expansion of our business volume."
Today's customers expect to be able to place applications easily and online and to receive quick and comprehensible decisions. This puts a lot of pressure on factoring providers, which can be exacerbated by low margins.
The CAM Financial Services factoring software enables the automation of the complete application process and thus the quick decision of purchase limits or purchase of receivables.
In order to reduce the risk of bad debts in the purchased portfolio to a necessary level, the creditworthiness of the buyers must be determined and continuously monitored before the purchase. In addition, when using trade credit insurance, policies must be implemented efficiently and correctly and limits must be adjusted quickly if necessary.
With the CAM Financial Services factoring software, you can include and process all relevant information such as creditworthiness information, results from balance sheet analyses and payment experiences via interfaces.
Very few factoring providers decide completely without recourse to one or more trade credit insurances. Not only the own insurance (own policy) is used, but also the policies of the connecting customers (third-party policies), which are managed by the factor. As part of the automated decision-making processes, CAM automatically identifies the relevant policy and, if necessary, submits new and increase applications to enable fast and secure decisions that comply with the contract terms of the respective TCI.
With the help of our software for factoring companies, you can easily and efficiently map the specific regulatory requirements in the area of Know Your Customer (KYC) and compliance. Automate identification, verification and list reconciliation and ensure security through documentation and historisation of all work steps.
Error-free and complete master data form the necessary basis for the correct assessment of risks, because subsequent processes such as creditworthiness checks, limit enquiries, receivables management and KYC processes can only run without errors if the underlying database is sufficiently good.
CAM Financial Services eliminates duplicates, validates, cleans, supplements and consolidates data and enables clear identification of your customers and buyers.
Our factoring software is a highly efficient tool for the continuous monitoring of credit risks. The risk management software supports you in monitoring creditworthiness and follows payment behaviour continuously. The factoring system determines the probability of default of buyers and informs you proactively and at an early stage about deteriorations in creditworthiness or payment difficulties.
In the event of payment delays or defaults, an intelligent dunning and collection system ensures that the necessary processes run efficiently and automatically, while remaining customer-oriented and individual – even in bulk business.
The factoring software CAM Financial Services supports your receivables management effectively.
In order to always have an overview of the factoring portfolio and to manage it sensibly, you need the possibility to comprehensively prepare and evaluate existing data.
With CAM Financial Services, the evaluation of the entire data stock is possible via a wide selection of existing standard reports as well as via individual analysis options.
CAM Financial Services gives you access to over 50 credit agencies and trade credit insurers through available standard interfaces.
Our standard interfaces are easy to integrate into your system environment. You decide which data to use and when – for maximum cost efficiency.
Your customers and buyers are sometimes part of complex corporate structures and corporate networks. From a risk perspective, you want to know exactly which connections exist.
And from a regulatory point of view, you also need to know the structures and shareholdings. CAM Financial Services automatically determines the beneficial owners and creates risk groups (group of affiliated customers, borrower units).
Please feel free to reach out.
Robert Meters is Director of Global Business at SCHUMANN. He
studied Business Administration and International Management at the University
for Economics and Management in Düsseldorf and Essen. He has been in the credit
risk management industry since 1993 and has worked for leading information
service providers as well as in the telecommunications industry.
He advises and takes care of customers in the automation of credit risk management for the financial services sector with excellent references in leasing, factoring, banking and trade credit insurance.
Director of Global Business, SCHUMANN
As a leasing company, you have specific requirements for credit risk management. We also offer you customised functions in our leasing software and digitise your entire leasing application and approval process.