Turnaround approvals and credit limits in a fraction of the time
The Corporate Credit Manager provides credit limit
and approval guidelines that help you make decisions
without delay. As with the scoring models, you use
your credit policies to automate the credit limit
models while establishing as many models as you need
for your different types of accounts and situations.
Delegate a high percentage of your credit decisions.
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. CMS solutions specifically
takes the client’s specific business needs and
policies and translates it into an appropriate set
of recommendations.
User
defined parameters provide consistent suggested credit
limit amounts. Models can be based on percentage of financial factors, Overall Risk Rating, Proprietary
Ratings, a combination of these, or average of recommendations.
The
credit limit models:
- Reflect the maximum amount a subordinate can approve
determined by his authorization level or management
directive. This allows 80% or more of the orders
to be approved at the subordinate level.
- Act as a guideline for the senior credit manager
when setting or reviewing credit limits.
- Can be used to set the maximum amount of credit
for any single counterparty.
- Can roll-up exposures based on corporate linkages
to see total potential credit exposure.
