COSMO Crefo Dynamics BC | Receivables management software
Time savings through a direct connection to Creditreform
My Challenges
When it comes to money, it's definitely better to be safe than sorry. Before you start working with potential business partners, you need important information in order to be able to correctly assess the opportunities and risks. And in the case of existing partners, you must be informed at all times about any changes in creditworthiness.
Outdated information often leads to wrong decisions that cost your company a lot of time and money. Not a pleasant situation. And if there is a delay in payment, you need an extensive dunning process – again, valuable time is lost.
We have a solution that works.
How I will be supported
Imagine your company using receivables management software with a fully integrated, bidirectional interface between the ERP system and Creditreform. This setup provides an early warning system for potential payment defaults and insolvencies, supported by updates, payment histories, and documentation of all changes and decisions. You can access real-time, transparent information about your business partners, including the status of collection cases and any changes in their creditworthiness.
With COSMO CrefoDynamics BC, evaluating a new customer and creating their profile is as simple as a mouse click. Data access and storage are centralized within Microsoft Dynamics 365 Business Central, providing you with more information to make better decisions.
My benefit
With COSMO CrefoDynamics BC and the modules Company Information, Payment Experience, Personal Information and Debt Collection, the individual sub-processes of lending can be time-optimized and automated - from application review and customer identification to customer evaluation, risk classification and credit decision to the initiation of the collection procedure.
Gain various product insights
Faster processes
- Creation of contacts, debtors and creditors with data from Creditreform
- Fast and valid information gathering from Creditreform
- Clear preparation of important decision-making criteria
Reduces manual input effort and increases process speed
Reduced credit risks
- Easy-to-implement early warning systems and scoring mechanisms
- Monitoring of existing customers
- Basis for decision-making on credit limits
Reduces receivables losses and secures liquidity
Collection handover at the push of a button
- Transfer of receivables without media breaks
- Up-to-date collection case status in real time
- Automatic transfer of outstanding receivables via dunning processes
Accelerates business processes
Features
- Retrieval and integration of Creditreform company information for simple, well-founded credit rating in Microsoft Dynamics 365 Business Central
- New creation and monitoring of business partners
- Risk assessment: Credit ratings of private individuals and companies, as well as payment experience exchange for companies
- Debt collection processing: Transfer of open receivables to the dunning service or debt collection processing of Creditreform
- Direct access to payment experiences of the Debtors Register Germany (DRD) for detailed analyses of debtors' payment behaviour
System Requirements
This app only supports the Premium Edition of Microsoft Dynamics 365 Business Central.
Microsoft AppSource certified.
This COSMO product is available on Microsoft AppSource.
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