Implementation of a credit management system

It is easy to make mistakes when evaluating the creditworthiness of customers and therefore the risk of missed payments based solely on ones own experiences. This can have consequences for one's own liquidity. This risk can be minimized with the implementation of a credit management system that takes into account the experiences of other companies with the most similar possible customer base. The exchange of information on payment behavior with other companies, scoring of customers, risk evaluation and definition of customer-specific credit limit are central features of such systems.