Products Overview

Today, more than ever, credit professionals must make accurate, on-the-spot credit decisions, frequently with only limited information. Credit managers are asked to do more with fewer people and yet they are responsible for, typically, a company’s largest asset. In today’s economy, the credit professional needs the tools and information readily available to manage and control that largest asset.

Since the mid-1980’s, Credit & Management Systems, Inc.(CMS) has been a leading provider of software systems for credit management and accounts receivable collections. We were the first and foremost advocates for business customer scoring and portfolio risk analysis. We were the first to provide software dedicated to supporting the tasks of the credit professional. Now CMS has transitioned into being a premier provider of Software as a Service (SaaS) web-based solutions for credit and collections, still with the focus on risk evaluations as a means to reach viable credit decisions. CMS’s new CCM-Online hosted service combines the power and functionality of two of our earlier software products - the Corporate Credit Manager and the Collection Assistant – into one fully integrated web-based application. We joined these two powerful enterprise level systems into a single source service, incorporating many of the additional functions and features requested by our users. And then we priced it reasonably! CCM-Online is truly the Enterprise level solution for Companies of every size!

CMS has also rewritten and reintroduced our WebDecsioning™ new credit application processing solution for fast and easy approvals on new accounts. And we have several other services to be offered in the coming months.

Services Overview

Credit & Management Systems, Inc. (CMS) is a full service provider offering a complete suite of services to assist you with the implementation of, and complete support for, our product solutions. Our Project Management team works with you from start to finish, ensuring a smooth and timely integration into our application platforms. We help you define all aspects of your configurations, models, work flow processes and reporting needs within our applications – everything that you need to make the implementation a complete success. Our web-based training sessions cover all functions and features and are arranged to meet your daily schedule and your ultimate timetable. And our customer support staff is always available should questions arise that require an immediate answer!

CMS views each client engagement as a partnership with both parties involved and jointly responsible for the success of the project. We strive to build a strong, on-going professional relationship by providing the highest level quality of service to each client. Our support services personnel are courteous and knowledgeable professionals who are willing to assist every client with any issue. CMS is highly regarded and well known for the high degree of support we provide to our client partners. Just ask our clients!

Web Decisioning

CMS's WebDecisioning™ is a web-based tool for processing new B2B credit applications and obtaining immediate results. Prospective new account information is entered into your credit application and, when submitted, is:

1. Scored - using your scorecard and data from one or several third party data providers;
2. Assigned a Credit Limit and Terms - using your authorized limits and rules for new accounts based on the score; and
3. Given an Approval Status - either immediatly Approved, or set aside for further Review, or Declined, all based upon your decision rules.

WebDecisioning can obtain an approval with a suggested Credit Limit and Terms in seconds! All applications are reviewable, as are the supporting agency reports used to obtain the scoring elements. WebDecisioning can also be configured to provide a fulfillment function to send return information via email, including attachments for additional documents, directly to the applicant and/or personnel internally. Data for all applications can be exported for use in your internal systems. WebDecisioning can also feed the application data directly into CMS's CCM-Online Credit and Collection application, if desired.

WebDecisioning is a fast, easy and low-cost way to obtain new account approvals.

• Configuration
  • Scoring Model
    • Add Scoring Items and Create Scorecard
    • Set Weights and Possible Responses
    • Select Agency to obtain reports
  • Credit Limit and Terms Models
    • Set Authorized Limits for ranges of Scores
    • Set Terms for ranges of Scores
  • Approval Decision Criteria
    • Set values for Auto Approval, Review or Decline based on Score and/or Comparison of Authorized Limit versus Credit Requested
• New Applications
  • Use CMS's generic Credit Application or create your own
  • Specify Required Fields
  • Include Agreement with Terms and Conditions
• Application Status
  • Manage all entered applications and review submitted data and approval results
  • Change Status of applications under review or declined
  • View results and agency report data used to score
• Data Providers
  • Manage third party data providers and reports available
  • Set up "Pull" sequence for reports, even from different providers and establish criteria to determine when and if secondary reports should be requested
• Fulfillment
  • Allows for creation of email for notification of results
  • Provides for multiple email addresses and allows for attachments
• Technical
  • Direct interface between WebDecisioning and CMS's CCM-Online
  • Standard data export format using XML

Report Portal

Financial Data Interface

For years, CMS has had a direct feed from Reuters Financials which is available to customers for use in CMS products. This feed contains US publicly traded institutions which file financial statements with the SEC.

CMS is now offering a direct connection to this data through the use of the Financial Data Interface. This connection is ideal for companies looking to pull financial statement data directly to their in-house processes and systems. The Financial Data Interface allows IT teams to gain access quickly and easily integrate financial data into the end user’s daily workflow.

For a sample of what the Financial Data Interface has to offer, please feel free to try our sample search:

Iridium Score

CMS’ Iridium Score is a customizable hosted scoring architecture which will update periodically with data from various data providers. This data combined with a user’s in-house information is processed through a user defined scoring model to produce a score. This score can then be downloaded directly in to a user’s internal systems. The Iridium Score also allows for notification of changes through a wide variety of alert systems, including email, alert files, or other means when requested. This system also has the ability to produce credit limit and terms recommendations based on the user preferences.

Integration

• CMS Project Manager Assigned for the Life of the Project
• Assistance with System User Configuration
  
  • User security, roles and access permissions
  • User-defined settings such Text, Numeric, Date, Product, Aging and Exposure fields
  • User-defined calculations for balance totals
  • Financial statement definition including statement layouts, fields, and ratio formulas
• Definition of Models
  
  • Scoring
  • Credit Limits
  • Terms
• Data Migration Interface Definition and Testing
  • Determination of internal and external data requirements and sources
  • Testing of sample files from all identified sources
• Determination of Work Flow Impacts and Procedural Changes

Training

• Web-based Sessions
• Arranged to Accommodate Client’s Normal Schedule
• Scheduled as part of Initial System Integration
• Unlimited Follow-Up Sessions
• Refresher Sessions Provided

User Support

• Staffed by Highly Knowledgeable Personnel in Both Credit and Systems
• Available 8:00 AM to 6:00 PM US Central Time Monday through Friday, excluding Legal Holidays
• Telephone Support and Web-based Tools Used to Analyze and Troubleshoot Difficulties and to Determine Severity
• Severe Issues Escalated Immediately to Technical Support
• CMS Follow-up Program – Quarterly Contact with Clients
• Annual User Group Meeting
  • Networking With Other Users
  • Discuss Future Enhancements
  • Share Ideas on System Usage
• Quarterly Email Newsletters

Consultation

• CMS Professionals Are Available to Assist Clients in Projects Concerning System and Work Flow Processes Other Than Those Impacted by CMS Implementation.
• CMS Can Provide Knowledgeable Speakers for Clients or Group Meetings to Present Various Topics on Automation in the Credit And Collections areas.