58,000 companies worldwide extend credit to their customers. The subjective approach they typical take when assessing the complex factors associated with credit-worthiness often costs them tens of millions or more every year.
The challenge is that there are massive amounts of data to be analyzed, fragmented sources of those data, and synthesizing the correct decision can be so overwhelming that managers rely as much on instinct as on objective assessment.
ARK Analytics has built a credit management tool based on the adage, “If you can’t measure it, you can’t manage it.”
Our SaaS application, CREDITARK®, brings objectivity, transparency, accuracy and consistency to the CEOs and CFOs making credit risk decisions and help them increase liquidity and profitability.
CREDITARK® integrates data from internal and external sources with corporate financial goals. Next, the platform performs assessment and optimization and finally proposes the validated credit decision.
We have already completed Proof Of Concepts (POCs) with SAP, BASF and Novartis. As a result, SAP has become a global partner and Novartis has become a paying customer.
Some of the benefits demonstrated during the latest POCs:
- 0.5 – 1.2% increase in EBITDA margin
- 84% decrease in write-offs
- 35% fewer overdue receivables
- 24% reduced provisions for bad debt
- 40% cut back in job expenses
- 0.1 – 1.8% decrease in cost of capital
Furthermore, our platform is the only one that is IFRS 9 ready, an accounting standard with which all companies must comply by 2018.
Our experienced team is active in USA, Great Britain, Switzerland, Greece and Germany. In addition to our paying customers, we are in due diligence with BASF, OSRAM, Honeywell and others.