Esker, a worldwide leader in AI-driven process automation solutions and pioneer in cloud computing, today announced the launch of its Credit Management solution to enable businesses worldwide to manage and optimise their credit-to-cash process. As a natural extension of Esker’s Accounts Receivable solution within Esker’s Order-to-Cash platform, Credit Management enriches Esker’s offer to help businesses secure the credit approval process, manage risks and make the credit management process smarter.
According to a recent report by Euler Hermes, corporate insolvencies are on the rise globally and expected to increase 20 per cent to $3.5 billion in 2020, largely resulting from the COVID-19 pandemic. Today more than ever, organisations must thoroughly evaluate their credit risk and clearly understand to whom they’re selling on credit.
From the digitalisation of credit applications and approval processes to monitoring of the existing customer portfolios, Esker provides credit managers with the required information to lower credit risks and secure their revenue.