Corporate Credit Manager Software
Deregulation
has created a challenge for energy credit managers
who are required to make accurate, on-the-spot decisions,
involving large dollar amounts frequently without
having all of the needed information available.
Having
critical data at their fingertips, such as:
1. Current and potential credit exposure;
2. Credit risk scores and
suggested credit limits;
3. Security and impact on exposure; and
4. Recent key events,
would facilitate the decision process for the energy
credit manager.
An Energy Risk System typically measures all current
and future exposures by calculating the outstanding
A/R, current unbilled, future unbilled, physical marked
to market, financial marked to market, outstanding
A/P, current unbilled A/P, future unbilled A/P, and
CVAR. However, few Energy Risk Systems are implemented
to address all energy Corporate Credit Manager, including
natural gas, power, coal, natural gas liquids, transmission
and weather derivatives, making aggregation of exposure--by
product, by counterparty, by counterparty and all
related firms, or by organization--difficult and usually
labor intensive. Energy Risk Systems, moreover, do
not address credit scoring, credit limit models, collateral
tracking and key event notification. Many energy firms
are addressing these essential needs by licensing
the Corporate Credit Manager Energy Credit System.
Your Credit Control Center
Today
credit professionals who must make accurate, on-the-spot
decisions. Of course, these are large dollar amount
decisions and/or you have a large volume of credit
decisions. Your ERP and legacy systems have raw data
but very little in terms of credit risk analysis and
recommendations. What if you could have a system that
learns your policies and procedures, then quickly
transforms your raw data into intelligent, consistent
support for your day-to-day decisions.
Over 50 Energy firms chose Corporate Credit Manager
to help them improve productivity and reduce bad debt.
CONSISTENT POLICIES,
CONSISTENT RESULTS
Identify creditworthiness for each account using flexible
and consistent scoring
models - with or without financials. Comply with
audit mandates by performing timely account reevaluations
and documenting validated decisions.
Rules-based credit scoring can quickly transform
your raw credit data into intelligent, consistent,
support for your day-to-day decisions. Rules based
scoring methodology is based on your existing formal
or informal decision making process. For this reason,
rules based scoring is easy to implement and it reflects
your business policies. It is a major improvement
over a generic report not designed around your business.
The rules can easily adjust as economic and business
conditions change.
QUICK ACCOUNT EVALUATIONS
& APPROVALS
Turnaround credit limits
in a fraction of the time. Since the system applies
your corporate policies across the board, a high percentage
of the credit line day-to-day decisions can be delegated
to your staff. You don’t have to personally evaluate
every account – just the exceptions and key accounts.
That makes your time and your peoples time more efficient.
Credit line recommendations are not generic as are
typically presented from the credit agencies. Credit
agencies may give a credit line based on the information
they have in their database (in order to sell their
data) but gives the same recommendation to all clients
asking about an account. CCM specifically takes the
client’s specific business needs and policies
and translates it into an appropriate set of recommendations.
INSTANT ACCESS TO CREDIT
DATA
Incorporate data from multiple credit agencies. Import
financials. Seamlessly integrate with in-house
systems. View account status, exposure, credit decision
report, financial ratios, scoring, and more. Track
security instruments.
CMS is flexible and is not tied to one source or
data provider. CMS’ mission is to help the client
make the best possible decisions, not to sell our
data. Therefore, we are data source independent. By
having flexibility to use multiple sources in your
scoring system, you are not dependent on one source
that may not completely cover your entire customer
base or may not provide you with current or sufficient
information. Automated interfaces enables you to get
more information on a more timely basis.
The first place you can start is with AR where your
pay history can be scored as well as eliminate duplicate
entry of account data. Financial statements can also
be brought in for both SEC filed statements as well
as statements from around the globe. You may also
want to incorporate information from multiple credit
agency sources such as D&B, Experian, S&P,
Moody’s, Rundt's Intelligence, BusinessInfoUSA,
and Equifax for better coverage or confidence. Some
credit agencies may have strengths based on size,
region, or industry.
Also linking of documents is valuable. In addition,
notes with alarms can be set as well as well as managing
documentation and tracking of collateral for accounts.
User defined fields are helpful including key dates
for tracking and reporting purposes so there are no
surprises. In other words, you will have electronic
credit files on all your accounts where you don’t
have to worry about losing the information and it
is easily shared.
Lastly, data in CCM at all times remains the property
of the client. CMS holds all client data in complete
confidence and takes all reasonable steps to protect
our client’s data.
DECISION SUPPORT & PLANNING TOOLS
Reports are designed to highlight key info you need
to make decisions quickly and accurately. Manageable
reports to support your
decisions. Don't personally evaluate every account
- just the exceptions. Proactive portfolio
analysis and exception reports. Extensive financial
analysis including bankruptcy prediction and peer
group financial ratio scoring (default uses RMA database).
Leverage your information into accurate and profitable
decisions. For instance, you CCM enables users to
roll-up exposures of related accounts from receivables
system(s) so you can truly manage overall risk. CCM
also tracks information and activities for audit control.
Reporting should also be a breeze where you can easily
show justification for your credit decisions as well
as proactively find exceptions.
Reports can be passed around your organization for
communication purposes. All reports are generated
in Excel - a universal file format. For instance,
Financials Report incorporate the historic financials
you have stored and create detailed analysis. The
Credit Decision Report provides you with defensible
justification of decisions. The Portfolio Report allows
you to run reports on the entire portfolio as well
as on specific business organizations and/or segments.
The reporting tool should allow you to create and
save virtually any report you desire to better understand
your portfolio and identify exceptions requiring attention.
