Hüttenes-Albertus identifies early credit risk with SAP Credit Management tools
- Credit Insurance, Risk Management and Credit Reports from the SOA People Credit Management Suite.
- SAP modules used by the Finance and Sales teams to help detect and manage credit risks.
- Access to reliable data and instant reporting improves decision making.
Hüttenes-Albertus is a leading international manufacturer of chemical products for the foundry industry. With around 2,000 employees worldwide and a group turnover of 645 million euros, the HA Group’s European operations account for over 60% of its global turnover.
The HA group is represented in over 30 countries worldwide and needed a system to support its credit management processes which could identify credit risk at an early stage to limit exposure to bad debt and losses. Currently, the Group’s credit analysis was largely manual with no real workflow across business functions to collaboratively evaluate customer risk and therefore found it difficult to identify insolvency risks. The HA Group needed a single solution to support and automate its credit management processes
“With the SOA People Credit Management modules, we have reduced our payment terms, and this is having a massive impact on the speed at which we receive payment”
Markus Köhler, Head of Global Treasury and Risk Management, Hüttenes-Albertus