GSCF boosts efficiency with Moody's trade credit workflow solution

About

GSCF is the leading global provider of working capital solutions. The company empowers companies and their financial institution partners to accelerate growth, unlock liquidity and manage the risk and complexity of the end-to-end working capital cycle. GSCF’s team of working capital experts operates in over 75 countries, offering a truly global and holistic perspective to solve working capital efficiency challenges.
 

Background

GSCF, a leading provider of working capital, sought to enhance its credit workflow process. Facing a business transition, GSCF needed a solution that could seamlessly replace their previous system while offering more advanced capabilities.

GSCF selected eCredit as their credit workflow management platform because of its reporting capabilities, customizations, automatic spreading capabilities, and integrations with their existing operational systems. eCredit also offered GSCF a well-established platform with collaborative and streamlined implementation processes, assisting with their business transition.
 

Moody’s solution

GSCF saw immediate benefits after implementing eCredit. The platform replicated their previous functionalities and offered additional advantages from day one, including streamlined linkages with their credit line and A/R information feeds, and other internal platforms. eCredit also improved GSCF’s control and management over terms and conditions upon go-live.

Shortly after implementation, internal surveys revealed positive feedback from sales teams regarding the system's performance. Specifically, they commented on eCredit’s ease of use and alignment with customer records, which facilitated the identification of customers when submitting credit requests.
 

Results

GSCF’s successful implementation of Moody's eCredit has led to significant improvements in their credit workflow process. By leveraging the platform's flexibility, integration capabilities, and user-friendly interface, GSCF has improved efficiency, reduced administrative burdens, and streamlined workflows across its credit team.

• eCredit provides a much more flexible platform than their previous system, allowing for easier customization and adaptation to specific needs. Users can easily create custom reports and modify credit requests on their own, resulting in increased efficiency.
• eCredit has combined all the essential tools for GSCF's team to handle credit requests into one platform. This helps them to conveniently access collateral, credit reports, and important attachments in a single location, eliminating the need to switch between multiple platforms and saving valuable time.
• Integration with other internal systems was seamless, leading to enhanced reporting capabilities and streamlined processes. Automated feeds of customer hierarchy and credit ratings into GSCF’s wider reporting systems have replaced manual reporting processes for executive leaders.
• As GSCF continues its journey with Moody's eCredit, they look forward to further leveraging the platform's capabilities along with Moody’s robust credit data and analytics to drive continued efficiency, innovation, and success.