Credit Management Suite optimises cash collection processes

Growing rapidly, Boels Rental needed an up-to-date system that could handle and process high volumes of risk assessments for new and existing customers.  It also wanted to support its Accounts Receivables Department by reducing its manual tasks and  automate the workflow processes as well as improving its cash collection processes to reduce the amount of bad debts that had to be written off.

Boels Rental selected four modules from the Ready4 Credit Management Suite: Dispute Management, Cash Collection, Risk Management and Credit Reports to support its Accounts Receivables department.  . The automation of the whole credit management process has increased efficiency by providing real-time accurate data on customers and provided dynamic dashboards to give a clear overview across the company.

• Dashboards provide easy access to the tools, giving better visibility and control across all departments.
• Faster response times to deal with outstanding debts.
• Central dashboard ensures quicker, informed risk assessments and credit decisions.
• Better insight into customer performance and fast access to customer risk rating reports.
• Automated tools dramatically reduce errors to ensure better customer engagement.