With automatic monitoring your credit managers can keep all creditworthiness-relevant changes constantly in view. The early-warning system automatically signalizes relevant changes in the creditworthiness of your existing customers so that you can take action as soon as possible when there is a threat of default.
In B2B business relationships, companies frequently provide supplier credit, exposing them to counterparty default risk. Only when default risks and changes in creditworthiness are recognized early enough can necessary measures be taken in time and defaults systematically avoided. The quality of an early-warning system determines its success. Carefully selected key figures and indicators are the most important precondition for an effective monitoring. Modern credit management software carries out continuous monitoring of all existing customers automatically.
In the credit management software CAM Industry & Trade all new information from internal and external sources is processed immediately within the framework of monitoring. The integrated task system informs you immediately when new information becomes available. You thereby obtain an automated early-warning system that reacts immediately when there are changes to the creditworthiness of a company.
Benefits of an early-warning system in credit management