Accounting and Financial Software
Experian and eCredit(TM) Join Forces to Launch a New Account and Portfolio Management Decisioning Tool for the Trade Credit Market
Experian and eCredit(TM) Join Forces to Launch a New Account and Portfolio Management Decisioning Tool for the Trade Credit Market
Credit Risk Advisor(SM) delivers Experian's business intelligence and eCredit technology to speed account approvals and optimize portfolio management
COSTA MESA, Calif., June 11 /-- Experian(R), a global information services company, today announced that it has teamed with eCredit(TM), a leading provider of online solutions for credit and collections professionals, to launch an end-to-end new account and portfolio management credit decisioning tool. Powered by eCredit's market-leading credit decisioning technology and integrated with Experian's small-business commercial risk information, Credit Risk Advisor(SM) provides the trade credit community with a powerful tool to more efficiently support new accounts and existing portfolio management.
With automated workflow functionality and configurable decisioning criteria, Credit Risk Advisor enables users to develop and easily implement a robust credit policy that identifies areas of risk and opportunity across their entire portfolio. The new service also provides clients with flexible scorecards that meet the evolving demands of trade credit companies, including manufacturers, wholesalers and transportation businesses.
"Credit professionals require access to thorough, accurate commercial risk information, enabling them to receive clearer visibility into emerging problems," said Marc Kirshbaum, president of Experian's Business Information Solutions group. "Credit Risk Advisor delivers the most extensive information available on a small business in a powerful tool that provides better cash management through improved front-end decisioning and more targeted receivables treatment."
Credit Risk Advisor automates the new account decisioning process by allowing business credit applications to be entered and instantly evaluated in a paperless online environment. All account information -- including Experian credit scores, payment history, notes and approved credit limits -- can be electronically routed within the credit department or between credit and sales, enabling clients to save time, reduce out-of-policy exceptions and improve cash-management productivity. The new service also will evaluate account portfolios using automated customer-defined rules and will aid in the immediate identification of unwarranted credit exposures before significant problems arise.
"We have created an easily configurable decisioning platform for credit managers, and through our alliance with Experian, we are pleased to be extending the reach of this flexible yet powerful solution," said Jim Swift, president and CEO of eCredit.
Credit Risk Advisor allows clients to:
-- Define, automate and drive new account and existing account credit
policies and procedures
-- Identify and assess unwarranted credit exposures and effectively
prioritize collection efforts
-- Delegate work based on automated decisioning rules for new accounts and
periodic reviews
-- Maximize efficiency, reduce credit losses and respond more quickly to
customer requests
-- Achieve more consistent decisions in line with strategic credit
policies
For more information about Credit Risk Advisor or about Experian's other advanced B2B services, please visit www.experian.com/b2b or call an Experian sales representative at 800 509 5493.
About eCredit
eCredit(TM) is a leading provider of business information solutions for credit and collections professionals. Its market-leading credit scoring and collections automation support the critical processes of granting credit, monitoring portfolio risk and collecting accounts receivable. eCredit also offers industry-specific credit reports, multibureau scores and portfolio analysis tools that empower companies to make more informed decisions. eCredit is the choice of organizations of all sizes across all industries for optimizing commercial credit risk. eCredit is a privately held company with a who's who roster of clients including AB Electrolux, Chevron, Cisco, Continental Airlines, Ferguson, LG Electronics, Cargill, NEC Financial, Sun Microsystems and Ryder System. For more information, please visit http://www.ecredit.com/.
About Experian
Experian is a global leader in providing analytical and information services to organizations and consumers to help manage the risk and reward of commercial and financial decisions. Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organizations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage. For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence. Clients include organizations from financial services, retail and catalog, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors.
Experian Group Limited is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. It has corporate headquarters in Dublin, Ireland, and operational headquarters in Costa Mesa, Calif., and Nottingham, UK. Experian employs approximately 13,500 people in 36 countries worldwide, supporting clients in more than 60 countries. Annual sales are $3.5 billion.
For more information, visit the Group's Web site at http://www.experiangroup.com/.
Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.
CONTACT: Roslyn Whitehurst of Experian Public Relations,
+1-714-830-5578, roslyn.whitehurst@experian.com
Web site: http://www.experian.com/
http://www.experiangroup.com/
http://www.ecredit.com/
