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Automating B2B Credit Applications Processing -The Bectran Advantage
At the core of the Bectran Apps solution delivery platform is the digitization of all Credit significant information content.
Customers are able to sign their credit application digitally using Bectran Apps Web Signature capability.
Credit Reference calls, follow-ups, reminders, receipting, notification and evaluation are all automated processes with zero human intervention.
Financial statements, Personal guarantee documents, Tax Exempt information are all digitized.
Bectran Apps aggregates all credit application information and provides comprehensive credit evaluation using industrial-strength credit evaluation models.
Electronic Credit Application System
Bectran Apps Credit Application System provides a set of customizable online forms for capturing customers' credit request.
The Electronic Credit Application system allows a client to customize its online credit application with rules that are automatically enforced.
For example, the required number of credit references (Bank and Trade), credit limit threshold for financial statements, etc.
In addition, the Credit Application System provides a set of out-of-the box validations that helps to ensure the completeness and accuracy of every credit application.
The Electronic Credit Application system also provides capability for web signature eliminating the need for manual paper +pen signatures.
Electronic Credit Reference System
The Electronic Credit Reference System provides complete automation of the credit reference check process.
This is a radical departure from the status quo of paper and fax.
Automated tasks include: credit reference requests, reminders, follow-ups, receipting, notification and evaluation. No fax, No phone calls, No paper.
All credit references are received electronically and evaluated for credit risk profile.
Electronic Information/Document Gathering System
The document gathering system empowers customers and other parties to provide credit documents online:
Financial statements, Personal guarantee, Credit references, Tax exempt certificate information, etc.
The Information gathering system provides content validation and document receipt notification to the Credit Department.
Automated Credit Evaluation System
The Credit Evaluation system seamlessly aggregates all the qualitative and quantitative information about a customer
and evaluates the customer for credit worthiness. The credit worthiness evaluation result includes amongst
other things a risk measure of the customer's credit profile and credit limit recommendation.
The credit worthiness evaluation result becomes the basis of credit decision and approval.
Credit Approval Workflow System
The Credit Approval Workflow system implements a credit approval workflow process using a set of client defined rules.
The Credit Approval workflow system is completely electronic /paperless with web signature capability.
Credit Issues Resolution System
The Credit Issues Resolution system allows client to resolve credit Transactions related issues with customers online.
The discussion trail becomes part of the customers' relationship records.
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