Automated evaluation of your own records of payments from companies
Your own payment records are valuable data that it is essential to consider when evaluating the creditworthiness of your customers. They enable you to make your decisions using an even broader information basis.
You know your customers best yourselves! The most conclusive and up-to-date information about your customers can be obtained from your own payment records. This is important data, which is already available in your Accounts Department and costs nothing! The evaluation of this data is, however, strenuous and there is seldom time for it during hectic business life.
Using credit management software you can evaluate and analyse your own payment records in a targeted manner and also, of course, monitor them continuously. Data from your Accounts Department (unpaid invoices, current payments, payment reminders) and your inventory management (unfulfilled orders) can be evaluated automatically.
CAM Industry & Trade includes comprehensive functionality designed to access this payment information and process it automatically. For every existing customer you can immediately see the current payment history, turnover and exposure record. The system also derives a trend from the payment records of the past. It provides a prognosis of how the customer and his payment behaviour will develop in the future. This trend flows into the early-warning system, which automatically brings conspicuous customers to your attention.
Use payment record pools
What works alone works better in a team: with payment record pools. The idea behind a payment record pool is simple but effective: many companies supply the pool with information about their experiences with their customers. The pool operator then combines the data, either completely or according to industry, and delivers an evaluation to the pool members. This information enables you to compare the payment behaviour of any customer with your company and with other creditors. The solutions from the pool providers are completely integrated into the processes in compliance with data protection regulations.
We offer you interfaces to the payment record pools of Bisnode/D&B, Creditreform, EOS and IHD.
Payment records are available from your Accounts Department, cost nothing and are up-to-date
CAM Industry & Trade provides targeted trends, early-warning signals and highly selective characteristics
A valuable complement to external creditworthiness reports for an even better decision-making basis
All the data from payment record pools further extends the information basis