Centralizing Credit Controlling in an International Growth Market
The internationally active Koch Media Group relies on credit insurances to secure its merchandise business. To guarantee the insurance coverage, companies must fulfil numerous obligations and always maintain the current insurance limits. This results in considerable administrative effort. Koch Media wanted to reduce this effort by optimizing and centralizing the management of credit insurances as part of a company-wide implementation of SAP.
For their credit insurances, the company needed to find a way to effectively administer the obligations and the insurance limits granted, as well as organizing follow-up processes, all within the new SAP system. Koch Media realized that FS2 Credit’s sub-module Credit Insurance fulfilled all of their defined requirements. The SAP add-in solution is specially optimized for credit insurance management and is part of Serrala's comprehensive credit management solution that integrates seamlessly into SAP.
"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.
Learn more about Koch Media's Credit Insurance project and read the full success story.