Tips (US)

CreditPoint Software: how does it work?

CreditPoint Software allows you to improve the productivity of your credit team by automating processes! Learn all about it!

CreditPoint: manage better credit and collections processes

image

The CreditPoint software has been operating since 2000. It is the idea of a credit professional to help companies to manage better their collection processes.

Therefore, he and his team launched a solution for collections and commercial credit risk.

card

Software

CreditPoint

credit online app

Improve the productivity of your credit team by automating processes!

You will be redirected to another website

CreditPoint Software serves many companies of all sizes and types located in five continents. 

Nowadays, the software runs over $50 billion in trade revenue.

The applications include many resources, such as Credit Risk Management, Business Intelligence & Reporting, Ratings & Financials Data, Collections & Dispute Management, and 3RD Party Bureau Data.

Also, the industries served include Banking, Agriculture, Energy, Manufacturing, Wholesale, Public Relations, and many more.

In addition, the company offers valuable information about credit for you to download and read or watch.

Now, learn more about the features provided and the resources available. 

Understand the features and resources of CreditPoint Software

Check what tools CreditPoint has to offer. Source: The Mister Finance.
Check what tools CreditPoint has to offer. Source: The Mister Finance.

CreditPoint Software is a solution that helps companies to manage their collections and commercial credit risk better.

The software gathers many features and resources, so businesses are allowed to improve, accelerate, and automate processes in order to increase revenue.

Furthermore, it lets the companies generate configurable scoring models so they can put the reviews on a standard policy.

Also, it allows increased visibility of customer information. And it leads the businesses to gain insights into their operational performance.

By automating processes, companies of different sizes and types can make less effort in processes, save time, and put energy into what really matters.

For example, an electronics manufacturing company has shared its numbers after implementing CreditPoint Software.

Let’s take a look:

  • Implementing the solution resulted in a 50% decrease in time spent when generating reports;
  • 30% increase in data accuracy;
  • $1.5 Million saved in operating costs during a year.

So, it is definitely quite a thing! 

If you want to learn more about this case study, you can ask them for the complete material on the official website.

The software is also a SaaS platform hosted in Microsoft Azure, which guarantees data security and prevention & recovery from disasters. It features SSL Certificates, third-party testing, Independent Service Auditor, VPN, a dedicated firewall, and many more security resources to make sure the systems are secured and free of vulnerabilities.

In addition, CreditPoint maintains the systems available 24/7 and guarantees an enhanced customer experience. 

Moreover, you don’t need to worry about training. The company offers detailed training resources and guides for each application, including on-site training as well as web-based.

The same for updates. As long you are a subscriber, you are eligible to receive any new release from the software. 

Finally, let’s review some features offered by the solution and how they can help your business grow!

Custom Online Credit Application

The solution features a Custom Online Credit Application with enhanced customer experience. Since it reduces onboarding delays and accelerates the complete application process, it allows both user and customer to navigate a platform hassle-free.

Also, you can make use of automated Bank and Trade Reference Checks.

Data Integrations

The CreditPoint solution makes it easier to integrate all systems in your company. Besides the fact that it integrates with ERPs, it increases the sense of collaboration by allowing universal access to data.

Furthermore, you can create one single repository for each customer information you have, which leads to organization and clean processes.

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

You will be redirected to another website

Automated Credit Decisioning

In addition, the software allows you to automatize processes, including reviews based on configured scoring models. 

The interface is pretty easy to use, which leads to better decisions and management.

Credit Risk Monitoring

Finally, the solution lets you configure alerts and notifications. For example, you may set up an alert in order to notify a customer’s profile change.

Also, you may find it helpful to configure an alert to send a message when a user action is required.

Plus, you can receive notifications with detailed risky-paying behaviors.

Request a Consultation

Improve your company's service with CreditPoint. Source: Freepik.
Improve your company’s service with CreditPoint. Source: Freepik.

Besides the features and resources mentioned above, CreditPoint Software offers Credit Risk Management, Business Intelligence & Reporting, Ratings & Financials Data, Collections & Dispute Management, and 3RD Party Bureau Data (including Equifax and Experian).

Therefore, it is software with a complete package of tools for you to manage your business better.

But, before deciding if the solution is the right tool for you, you can schedule a demonstration and request a consultation. 

Customer service is customized according to the company’s profile, moment, needs, and goal.

So, you may find it great in case you need to attest your complaints are being listened to. 

Recommendation: iSoftPull – software for qualifying the right leads

On the other hand, if you are an investor, a lender, or a retailer who needs to check a customer’s credit report and credit score, there is another great solution for you.

The iSoftPull makes it easier to hit the right qualified leads.

Instead of running a hard pull, this solution allows you to run a soft pull with the same accuracy as a hard pull.

It features several reasonable plans and you can choose which fits your company’s moment, profile, needs, and goals better.

The solution gathers APIs and many resources so you can achieve Marketing & Sales efficiency that results in revenue increase.

Therefore, you can access the information you need with the security you want to make the right decision about a customer.

Check out the full review now!

isoftpull

iSoftpull review: is it trustworthy?

Check out the iSoftpull review article and learn how to access credit scores, reports, and much more information with a soft pull running.

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

Trending Topics

content

Group One Platinum Credit Card review

Check out our Group One Platinum Credit Card review to learn how you can get a $750 credit line regardless of your score.

Keep Reading
content

Cortex crypto: how does it work? Get Started With Cortex Today!

In this Cortex crypto review article, we will show you how this cryptocurrency works and how users can use Smart Contracts. Check it out!

Keep Reading
content

Santander All in One Credit Card full review: 0% intro interest!

If you're looking for a card with 0% intro interest and cashback perks, read our Santander All in One Credit Card review to learn more!

Keep Reading

You may also like

content

Application for the HSBC Cash Rewards Mastercard® card: how does it work?

The HSBC Cash Rewards Mastercard® card is a good option. It will give you benefits and won't charge any fees. But can you have one? Please, keep reading to find out.

Keep Reading
content

Learn to apply for the Achieve Personal Loan (formerly FreedomPlus)

Need access to quick, reliable funds? Find out how easy it is to apply for the Achieve Personal Loan! Borrow up to $50,000 in no time!

Keep Reading
content

Supplemental Security Income (SSI): see if you qualify

If you're caring for someone who has a disability or can't work because of medical issues, read this post. You’ll learn about SSI eligibility, application, and benefits of this welfare program that helps with essentials. Keep reading!

Keep Reading