Business Credit Limit Approval

Business Credit Limit Approval

Are you searching for a market proven workflow solution that has the flexibility to streamline your business credit limit approval processes?

Codeless Platforms' Business Credit Limit Approval solution provides organisations with the ability to quickly and simply create workflow processes that also provide a detailed audit trail of all adjustments approved or declined.

Credit Limit Authorisation Brochure

Learn how creating credit level approval workflows will improve decision making and help to reduce company exposure to financial risk.

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Business Credit Limit Approval Scenarios and Benefits

Common Business Credit Limit Approval scenarios include:

• Establish single level credit limit adjustment approvals
• Create multilevel credit limit adjustment approvals
• Create an 100% audit trail of credit limit adjustments
• Gather and present external information e.g. credit score information within the workflow approval process
• Set up workflows that start or end inside or outside their primary application
• Automate extended business processes resulting from workflow generated decisions
• Add advanced business alerting capabilities to workflows to ensure SLAs are met and or unusual behaviour is reviewed

Common commercial advantages of creating workflow for credit limit adjustment approvals include:

• Organisations achieve complete visibility of all adjustments
• The company benefits from a 100% accurate audit trail
• Eradication of paper-based processes and repetitive data entry
• Improved credit risk management process