Innovative Credit Risk Management Software for SAP
Credit Management
Optimized Credit Risk Management for SAP
Instant Visibility and Proactive Credit Risk Mitigation with FS² Credit
Are your credit clerks still spending most of their time data sourcing instead of analyzing relevant credit data in real-time? Then it is time to consider how you can get more out of your FTEs through automation. The below will guide you through a few easy steps to identify if your credit landscape is due an upgrade.
Credit Risk Management Software for Effective Credit Control
Proactive credit risk management is a must to support a healthy business strategy. Our credit risk management software FS2 Credit delivers critical features and functionalities within your SAP landscape to provide real-time and centralized insights, allowing for swift decisioning throughout the credit risk management life cycle.
Automating credit risk management processes with FS² Credit result in fast, accurate and standardized outcomes in accordance with your credit policy, with specific focus on end-to-end due-diligence requirements, risk classifications and credit approval-flows.
Automating Credit and Risk Management in SAP
Whilst optimizing and integrating credit risk management processes remains challenging for many organizations, FS² Credit ensures that the focus shifts from manual and fragmented processes to harmonized and standardized processes, resulting in an effective and value-add approach simplifying and optimizing credit risk mitigation efforts and identifying commercial opportunities.
To ensure secure and centralized customer onboarding, determine and prevent credit risk and effectively manage credit held deliveries, relevant, up-to-date, and real-time information is a must. Yet, data is often sourced manually and outdated by the time it is analyzed, reducing transparency and effective due-diligence efforts. So, why not operate in real-time with automated information so credit clerks can solely focus on value-add activities that will support your business.
FS² Credit and SAP – a Fully Harmonized and Integrated Software for Best Results
Serrala’s credit risk management software is an SAP embedded solution, compatible with and certified for both SAP ECC6 and S/4HANA. Operating in real time, it not only provides credit risk management functionalities that will speed-up the end-to-end processes in accordance with your credit policy, FS² Credit creates an environment where all stakeholders benefit from transparency and visibility. Pro-active credit mitigation and focus on value-add activities result in improved collaboration and customer satisfaction levels.
How does our credit risk management software achieve such automation and optimization excellence?
- Reading existing SAP data-tables for real-time processing
- AI driven credit scorecard that gives you real-time insights on customers risk clasifications
- Automated credit limit recommendations made by FS² Credit based on customers performance
- Fully embedded credit limit applications
- A digitized dashboard providing KPIs on the customer account level
- Automated blocked order / delivery’released based on approval confirmation
- Innovative web-approvals for credit limit applications and order releases
- Integrated financial analysis providing you with all relevant customer KPI’s
The FS² Credit scorecard transforms manual, time consuming data sourcing and error-prone data processing to automatically assessing risk using artificial intelligence (AI). The scorecard is comprehensive yet flexible in its use and includes all key information such as master-data, payment behavior, credit securities and 3rd party credit rating information.
Time gained through automation ensures accelerated and value-add productivity, compliance, and early identification of potential risk factors.
Our credit risk management software can be extended with FS² Compliance, which automatically checks data against sanction, PEP, and embargo lists, ensuring you are not conducting business with uncompliant third parties.
By combining FS² Credit with other SAP-integrated solutions such as FS² AutoBank and FS² Collections, you can achieve an end-to-end invoice-to-cash solution (aka order-to-cash), for greater efficiency and transparency throughout your entire inbound payment processes.
Benefits for Your Credit Risk Management
Why you should choose our SAP-embedded Credit Risk Management Software
Process Automation & AI
Standardized approach
Flexible workflows
Data Integration
End-to-End Transparency
S/4Hana & Fiori readiness
Still have questions?
Serrala optimizes the Universe of Payments
for organizations that seek efficient cash visibility and secure financial processes.
Advanced Credit Risk Management with FS² Credit
Realtime KPIs
The FS2 Credit dashboard provides useful insights and KPIs on the customer’s real-time performance in an easy to navigate digitized dashboard.
Effective Risk Analysis
Add instant value using FS2 credit risk scoring, automatically defining risk-classifications based on current information, optimizing your due- diligence and credit risk management lifecycle.
Financial Analysis
Fully integrated financial analysis providing year on year KPI trends, adding valuable contribution to your due-diligence process in an automated way.
Automated work and approval-flows
Avoid delays and lack of visibility in your daily approval flows. Automatic assignment of each approval step ensures visibility, accountability through track-records on customer account.
Credit Agency Gateways
Utilize 3rd party credit rating information directly from within your SAP environment, contributing to the overall credit risk assessments in an automated way.
Digitized Reporting
Benefit from KPIs that support swift and smart decisioning and cater for strategic insights, supporting growth whilst minimizing risk.
Customer Stories
Merck KGaA: Digital Order to Cash Management in SAP
By introducing a comprehensive Order-to-Cash solution that covers credit and collections management as well as complaints and dispute cases, Merck has largely automated its credit and accounts receivable management and thus established efficient, secure and robust business processes
Merck KGaA
Hikma: Credit Management – Collaboration is King
As an international pharmaceuticals company, Hikma needed to improve their credit processes to meet the demands from a risk management and sales cycle perspective and individual market requirements. In an ambitious credit management project, they credit team achieved full customer risk control and portfolio visibility and more efficiency and security throughout the entire credit process, improving collaboration and communication within the team and with internal and external stakeholders.
Hikma
Koch Media: Centralizing Credit Controlling in an International Growth Market
"By using the Credit Insurance tool, we were able to achieve enormous rationalization as well as a central and quick overview of day-to-day business. We particularly appreciate the many evaluation options. All risk-relevant information on several company codes are available to us at the touch of a button for the entire group worldwide in real time. The direct connection from SAP to the credit insurer is also very user-friendly and ensures that the insurance limits are always up to date and maintained and serviced seamlessly within SAP." Erich Prantner, Head of Accounts Receivable and Credit Controlling at Koch Media."
Koch Media
FAQ
FS2 Credit combines all key transactions in one centralized place bringing the benefit of all credit related transaction codes in one customer file. This efficient approach is further enhanced with unique features such as digitized customer dashboard, automated credit scoring, real-time credit limit recommendations and automated approval flows in line with the credit policy. All credit activities are translated in comprehensive web-based reporting accessible anytime, anywhere creating all the visibility needed to manage your day-to-day workload with relevant stakeholders.
Yes, Serrala FS2 Credit solutions are fully embedded in the existing SAP landscape. Being brought into the testing environment and thereafter into the production landscape the solution set-up can be transported into various SAP ERP systems, providing the solution set-up requirements are consistent. This flexibility makes it easier to roll-out the solution across various geographies.
The flexible and automated scorecard consolidates various KPI’s, including historical and current payment behavior. Each scorecard KPI is assigned target points whilst real-time customer performance defines the assigned points for each KPI. The total points define the credit score which is is automatically linked to the relevant risk classification.
Yes, our credit risk management software FS2 Credit comes with in-module reporting features which can be distributed to relevant stakeholders at regular intervals. Additionally, a Qlik Sense analytics management solution is available, allowing for anytime anyplace access on portfolio performance. Drill down functionality, filters and distribution options make the Serrala analytics tool unmissable when sharing important information with relevant stakeholders ensuring business wide alignment and visibility.
As our solutions are certified and compatible with SAP ECC6 AND S/4HANA, the migration of our solution from your current to your new SAP ERP system will take only a matter of days with limited interruptions to your business.