Credit Management

DRIVE provides two methods of credit limit management, which are company specific and generic.

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DRIVE provides two methods of credit limit management, which are company specific and generic.

The company specific method allows the credit rules to be defined for a company, including hierarchical rules. These rules can apply a different credit variable at separate levels within a company hierarchy. The credit check ensures that none of the organisational rules are exceeded.

The generic method defines the credit variables and rules which can be applied to a leasing product or a group of companies within DRIVE.

Each credit line consists of one or more credit score cards, made up of various credit variables which specifies how a credit line checks a result as a PASS or FAIL Once a credit line has been defined it can be easily copied, altered and applied to a customer.

The credit lines are utilised during the quotation process to validate whether a quote can proceed. Through the use of user security, any credit failures can be escalated to an authorised user who can review the credit lines and, where appropriate, override the credit failure or extend the customer’s credit.

The Credit Management module allows for a comprehensive view of credit limits and available credit both at a company level and portfolio level to assist with risk assessment.

DRIVE can also interface with external credit checking agencies such as PRC and VEDA for automated credit checks on both companies and individuals.

Business Benefits

Below we suggest benefits that may be realised using this module. These are Cost Savings, Business Growth Opportunity and Risk Mitigation:

Savings

Low administration overhead for credit line set up and application


Credit checks and warnings at quotation stage to help prevent failures


Reusable credit variables specific to a product or offering

Mitigation

Automated credit checks and results


Credit checks and warnings at quotation stage to help prevent failures


Reusable credit variables specific to a product or offering


Rapid deployment of credit lines through MLA and company records

About DRIVE

DRIVE is a global cloud based solutions provider and strategic mobility company. With over 30 years’ experience and an ongoing commitment to our core market to deliver asset management solutions in the evolving mobility sector, we are a partner trusted by the biggest names in leasing across the world.

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