CHICAGO--(BUSINESS WIRE)--Credit, Collections, and Accounts Receivable Software leader Bectran, Inc. announced today that corporations across all industries are using the Bectran platform to bring digital transformation to the credit department. The Bectran Credit Management Solution enables customers, including Michelin, Ben E. Keith, and Floor & Decor, to accelerate the credit approval process through process and task automation while mitigating risk with real-time analytics and decision support.
As businesses across the globe prioritize digital transformation, financial leaders are being tasked with adopting a digital-first approach to updating legacy credit management systems. Bectran's digital workflows facilitate the end-to-end management, monitoring, and reporting of all credit department activities, providing actionable intelligence to increase productivity and minimize risk. From automated approval workflows to immediate data aggregation, the Bectran platform equips customers with the tools needed to digitally transform the credit department.
“The application of digital technologies is critical to sustaining long term competitive advantage. Businesses are looking for real-time, data enabled decision support to drive productivity and create actionable insights,” said Louis Ifeguni, CEO of Bectran. “Bectran’s commitment to maximizing operational efficiency within the credit department makes us the right partner for companies to begin optimizing their credit, collections, and accounts receivable operations through digital transformation.”
How Leading Corporations Benefit from Bectran’s Credit, Collections, and Accounts Receivable Management Platform
Michelin
“Michelin sought to find a credit management solution that had full integration capabilities with our current CRM. We needed this integration to give our team instant access to the whole customer history, enabling them to make data driven credit decisions. With weekly implementation meetings and the full support of Bectran’s technical team, information from our CRM was seamlessly integrated into the Bectran application. The automated data aggregation and credit evaluation capabilities of Bectran’s IDM supported Michelin’s credit department in making quicker data driven credit decisions,” said Tim Murphy, senior information systems project manager at Michelin, the world-leading manufacturer and distributor of tires.
Ben E. Keith
“Prior to Ben E. Keith’s partnership with Bectran, our credit application process delivered customers with a less than ideal user experience. The process was entirely manual with multiple friction points that extended the sales cycle. Bectran’s Electronic Credit Application tool helped Ben E. Keith eliminate those friction points and shorten the approval process through automation. Our credit teams and customers adapted quickly to the Bectran platform, which is a testament to the implementation process and the support and resources that Bectran provided,” said Dan Harvick, vice president of credit at Ben E. Keith Company, the fifth largest food service distributor in the United States.
Floor and Decor
“Manual spreadsheet data entry and analysis no longer supported Floor and Decor’s increased credit application volume, and traditional methods of reporting provided few actionable insights. Bectran’s cloud-based credit management solution gave our credit teams the visibility and real-time data needed to develop a sustainable risk mitigation strategy. Automated workflows and process standardization allow the credit department to deliver accurate credit decisions faster, improving Floor and Decor’s total cashflow and putting the company in a healthy financial position to promote future expansion,” said Len Brown, director of commercial credit at Floor & Decor, a specialty retailer and wholesaler of hard surface flooring.
About Bectran, Inc.
Bectran, the industry leading SaaS platform, has grown rapidly over the years to become the companion toolkit for the Credit Department just as CRM is for the Sales Department. From simple to complex organizations and SMEs to Fortune 500 companies, Bectran has helped companies cut down the time to process and approve credit by over 90% while significantly lowering the risk of credit defaults and the cost of collections.
A growing number of companies are depending on Bectran to manage their Accounts Receivable and Collections. With significant process and task automation, companies are able to cut down the cost of collections by as much as 60-90% while accelerating the cash receipts cycle with complete and accurate cash applications.
Bectran’s clients enjoy the ease, speed, and cost-effectiveness of adopting the Bectran platform. New clients are onboarded in a matter of days or weeks. Credit professionals in various industries have described the Bectran platform as the future of the Credit Department.
To learn more, visit www.bectran.com
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Bectran is a registered trademark of Bectran, Inc.
