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Oracle Credit Management Presented by Venkatash Kovela

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Presentation on theme: "Oracle Credit Management Presented by Venkatash Kovela"— Presentation transcript:

1 Oracle Credit Management Presented by Venkatash Kovela
Customer Credit Score and Integrations Presented by Venkatash Kovela Rapidigm Inc.

2 Venkatash Kovela Rapidigm Inc. Presenter Introduction: Contact:

3 Session Agenda Release Information Who Should Use?
Benefits of using OCM OCM Advantages OCM Integrations Brief OCM Functionality Overview Scoring Model Strategy Case Folder View Question and Answers December 7, 2018

4 Release Information 11.5.9 11.5.10 11.5.10+ FP.G 11.5.10+ FP.D FP.F
OCM.A Rollup Patch OAF 5.7H OCM.C OCM.D OCM.B OAF 5.10 December 7, 2018

5 Who Should Use? Industry Focus: Practically any industry
Suitable for customers who use home grown solutions and/or have extensive customizations for credit application review and approval processes Customers who are investigating and spending on high budgets and have manual decisions in place Customers who have extensive credit policies including global risk zones Customers who Credit Agencies like Dun and Bradstreet (D&B), Global Credit or Seafax etc for credit decision December 7, 2018

6 Benefits of using OCM Good customer scoring strategies will have better visibility, quicker decision making, reduces manual efforts and increase in the profitability Reduces the credit-to-cash life cycle You can have aggressive and/or conservative credit policies based on customer classes Track credit performances and history of credit decisions and run reports as needed Continuous and scheduled periodic credit evaluations for high risk customers or for all customers Matches global credit policies Strengthen internal controls and policy compliances December 7, 2018

7 OCM Advantages It can be easily configured on top of an existing 11i implementation (minimum with Fin-Pack.D) Easy configuration depending on requirements. Online credit application and approval process will eliminate many home grown systems Controls escalating and higher incidences of bad debts Reduces collection cost and diminishing returns Lack of visibility in International Credit. Can handle financial risks in global market December 7, 2018

8 OCM Integrations December 7, 2018

9 OCM Functionality Overview
Create manual credit applications at various party and customer levels for trade and term credits. Integration with Oracle Order Management and Oracle Lease Management for credit application and approval process Determine the need of handy check-list data points for manual credit reviews Determine credit scores based on business and corporate credit strategies Scoring based on values outside Oracle instance Perform automated credit analysis based on scores December 7, 2018

10 OCM Functionality Overview
200+ standard data points available including financial, credit, collections, aging etc. Define additional custom data-points for scoring and check-lists views Suggest manual or automated credit recommendations Use Oracle Approvals Management Engine (AME) for internal approval hierarchies Purchase/Update customer/prospect data using integration with D&B Batch load customer data received from D&B Use D&B data points for online customer scoring Monitor Credit Performances December 7, 2018

11 Scoring Model Strategy
Build a suitable corporate across the board customer scoring strategy Scoring Data Points can be numeric or alpha-numeric like Country Code, D&B Rating etc. Each alphanumeric data point must have its own range, e.g., Range Low = ‘5A1’ and High = ‘5A1’ Prefer data points values with percentage and/or with number values like weighted average days paid etc. More data points used more complex will be the scoring strategy December 7, 2018

12 Scoring Model – Setup Elements
Currency Identify scoring data points Set value ranges Assign score points 0 for low and 100 for best score Assign weights to make 100 Calculation example: December 7, 2018

13 Scoring Model - Example
December 7, 2018

14 Alpha-Numeric Data Points
Same Score December 7, 2018

15 Additional Data Points
Extensible functionality (future Oracle Release) Associate a PL/SQL function to a data point to derive the data point value during runtime. December 7, 2018

16 Automation Rule - Setup
December 7, 2018

17 Check List View December 7, 2018

18 View of a Case Folder December 7, 2018

19 View of a Case Folder December 7, 2018

20 Questions and Answers


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