The internationally active Koch Media Group relies on credit insurances to secure its merchandise business. To guarantee the insurance coverage, companies must fulfil numerous obligations and always maintain the current insurance limits. This results in considerable administrative effort. Koch Media wanted to reduce this effort by optimizing and centralizing the management of credit insurances as part of a company-wide implementation of SAP.
For their credit insurances, the company needed to find a way to effectively administer the obligations and the insurance limits granted, as well as organizing follow-up processes, all within the new SAP system. Koch Media realized that FS2 Credit’s sub-module Credit Insurance fulfilled all of their defined requirements. The SAP add-in solution is specially optimized for credit insurance management and is part of Serrala’s comprehensive credit management solution that integrates seamlessly into SAP.
“By using the Credit Insurance tool, we were able to achieve enormous rationalization as well as a central and quick overview of day-to-day business. We particularly appreciate the many evaluation options. All risk-relevant information on several company codes are available to us at the touch of a button for the entire group worldwide in real time. The direct connection from SAP to the credit insurer is also very user-friendly and ensures that the insurance limits are always up to date and maintained and serviced seamlessly within SAP.” Erich Prantner, Head of Accounts Receivable and Credit Controlling at Koch Media.
Serrala is a global B2B fintech software company. We optimize the Universe of Payments as we add efficient cash visibility and secure financial processes within all inbound and outbound payments for organizations. Serrala supports over 2,500 companies worldwide with advanced technology, intelligent automation and personalized consulting. Our comprehensive end-to-end portfolio
automates inbound and outbound payment processes as well as the management of related data and documents.
With offices in North America, Europe, Asia and the Middle East and over 600 employees, we are proud to be a trusted solution provider to customers of all sizes and in all industries. Visit serrala.com
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