COSMO Crefo Dynamics for Finance & Supply Chain Management
Integration of credit checks, payment information and debt collection
My Challenges
Determining the liquidity of potential customers can be challenging, and conducting a comprehensive credit check often takes a long time. Clearly, understanding a partner's creditworthiness is crucial for future business relationships. You need to be informed about any changes as soon as possible. If a partner’s creditworthiness changes, it's best to know immediately.
In the worst-case scenario, payments are not made and you need to get a dunning process up and running quickly. This creates a lot of work and ties up a lot of people in the relevant departments.
It's best not to let it happen in the first place.
How I will be supported
A sophisticated early warning system that alerts you to payment defaults and insolvencies can greatly benefit your business.
Imagine having an application that automatically evaluates new customers and creates new customer profiles instantly. With Microsoft Dynamics 365 Financial and Supply Chain Management, centralized data storage provides easy access to all necessary information. That would be convenient, right?
Imagine having an application that automatically evaluates new customers and creates new customer profiles instantly. With Microsoft Dynamics 365 Financial and Supply Chain Management, centralized data storage provides easy access to all necessary information. That would be convenient, right?
My benefit
With COSMO CrefoDynamics FSCM and the modules Company and Personal Information and Debt Collection, your company can automate and optimize the individual sub-processes of lending - ranging from application checking and customer identification to customer evaluation, risk classification, credit decision and the initiation of collection procedures.
By monitoring orders, you can keep track of existing customers and detect any potential changes in their creditworthiness.
Faster processes
- Creation of contacts, debtors and creditors with data from Creditreform
- Fast and valid information gathering from Creditreform
- Clear presentation of important decision-making criteria
Reduces manual input effort and increases process speed
Reduced risks
- Easy-to-implement early warning systems and evaluation procedures
- 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 status of the collection case in real time
- Automatic transfer of outstanding receivables via dunning processes
Accelerates business processes
Features
- Access to the Creditreform databases
- Presentation and archiving of the retrieved business information
- Early warning system through supplements and monitoring of the global address book (also of creditors)
- Integration of Creditreform business information in Microsoft Dynamics 365 for Finance and Supply Chain Management
- Merging and evaluation of internal business partner data and Creditreform business information
- Keep score yourself on the basis of the data provided
System Requirements
In order to use COSMO CrefoDynamics, membership of Creditreform is mandatory.
Microsoft AppSource certified.
This COSMO product is available on Microsoft AppSource.
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