Peter Maibaum, Senior Sales Manager at SOA People, has around 25 years of experience in software sales for credit management products and services. In the following video interview, he talks about the benefits and scope of the Ready4 Credit Management solution and emphasizes the important role of partners. He also explains his perspectives on current developments and future challenges in international credit management. 

As a European SAP Gold and Platinum Partner, SOA People is represented with its expertise and software solutions in 8 countries and supports companies from all industries worldwide in the digitalization of their processes along the entire SAP lifecycle. The Ready4 Credit Management solution is a modular, SAP-integrated credit management suite that standardizes, automates and centrally manages risk processes of all sizes across the entire customer lifecycle. This enables companies to effectively minimize their credit risk and bad debt losses.

In the following interview, Peter Maibaum, Senior Sales Manager at SOA People, explains how important the continuous digitalization and optimization of business processes in credit management is for companies and how SOA People can support them with its credit management solution.

WHY DO COMPANIES CHOOSE SOA PEOPLE AS A STRATEGIC PARTNER IN CREDIT MANAGEMENT?

Peter Maibaum emphasizes SOA People's decades of experience with SAP-integrated products in credit management. This expertise, combined with a broad national and international customer base, makes the core product Ready4 Credit Management (R4CM) a reliable solution.

Full integration in SAP, both on SAP R/3, SAP ECC and SAP S/4HANA, reduces interface costs and enables employees to continue working in their familiar SAP environment - whether on the classic interface or with modern Fiori apps.

Another advantage of SOA People is its flexible adaptability to customers' needs. The solution grows with the customer's requirements and supports internationalization, allowing Ready4 Credit Management to be introduced and used worldwide. Maibaum also emphasizes the strength of the team at SOA People, which consists of a mix of experienced and new, innovative employees, which ensures continuous further development and adaptation of the products.

WHICH AREAS ARE COVERED BY READY4 CREDIT MANAGEMENT (R4CM)?

The R4CM solution covers the entire customer life cycle: from creating a new business partner, obtaining information, automated processing of credit insurance to managing dunning and complaints processes, selling receivables and transferring them to debt collection.

A major advantage here is the modularity of the solution. Customers can start with one module and add further modules as required, which are perfectly tailored to their specific credit management processes.

WHAT ROLE DO PARTNERS PLAY IN THE READY4 CREDIT MANAGEMENT SOLUTION?

Partnerships are a central component of the R4CM solution. Information providers, trade credit insurers as well as debt collection and factoring companies are essential for efficient and high-quality credit management. Maibaum emphasizes that many of these partnerships have been in place for decades and that they work together successfully on a content and technical level, which further strengthens the reliability and performance of the solution.

FUTURE DEVELOPMENTS IN CREDIT MANAGEMENT

Maibaum sees a significant expansion of credit management in the coming years. While tasks will increase due to new compliance requirements, such as sanctions list checks, UBO identification or ESG regulations, the overall workload will remain constant thanks to advancing digitalization and automation. Credit management will therefore be able to remain efficient despite increasing requirements and continue to offer high added value for companies.

CONCLUSION

In this interview, Peter Maibaum provides a comprehensive overview of the strengths of SOA People and the many possible applications of the Ready4 Credit Management solution.

• The combination of many years of experience, seamless integration into SAP, modular structure and strong partnerships positions SOA People as one of the leading providers in international credit management.
• Continuous further development and adaptation to new market requirements ensures that customers always remain at the cutting edge of technology and can design their processes efficiently on both a small and large scale.