How can companies optimize the risk assessment process?

Lately, we've observed that companies are seeking to obtain working capital quickly and securely. But how can they achieve this?

Data from February 24, 2024, 4-minute read. By: Skyone

Lately, we've observed that companies are seeking to obtain working capital quickly and securely. But how can they achieve this?

The risk-deducted credit operation , for example, is an efficient alternative for the immediate raising of financial resources and has been widely used to strengthen cash flow, since it allows the anchor company to anticipate the payment of accounts receivable from its suppliers through a financial product that does not consume the credit line with the bank.

Read the following article and discover how to optimize the risk assessment process in your company.

Risk taken from companies

We know that the market has large providers who can often use their negotiating power to pressure suppliers with discounts and longer payment terms.

In this context, when a company has a line of credit operation, suppliers, especially smaller ones, have the opportunity to meet market deadlines and receive advance payments at more competitive rates than those offered by traditional banks.

Thus, the so-called anchor company (the purchasing company) gains efficiency, and the supplier is able to balance its cash flow, invest in new production, and sell more.

In this sense, the trend is for companies to stop operating financial services through a banking platform and start using enterprise resource planning (ERP) software. However, for this to happen, the software needs to be integrated with all processes, including financial ones. With this in mind, Sky.One offers Integra.Sky, an iPaaS that manages all integrations through a single, simple, and secure connector.

But why not opt for the service offered by banks?

Currently, banks offer credit, however, all operational work is the client's responsibility. Furthermore, integrations are limited, requiring manual reconciliation. The risk assessment , on the other hand, is more flexible, integrated end-to-end, and 100% digital.

Another important point is that the bank offers a line of credit, and the anchor company is responsible for the entire operation; that is, it needs to offer the service to, often, thousands of suppliers, manage demands, execute operations, and perform all reconciliations.

Ultimately, there is an increase in workload in the finance department, and the supply is directed only to the largest suppliers, leaving out those who need credit the most.

With the risk-based lending , the operation is fully automated, and credit is available to everyone, even the smallest suppliers . Therefore, the biggest difference lies in the process and service, not in the financial product itself.

Supplier portal: technology that facilitates communication between the two parties

The Sky.One supplier portal is a communication channel created between the anchor company and its suppliers , allowing them to view their relationship history, track current invoices, and receive advance payments that suppliers would only receive in the future.

Thus, the main objective of the solution is to automate 100% of the process , helping suppliers to track the details of their invoices and, if desired, request the advance payment of part or all of the amounts to be received.

According to research conducted by Sky.One, the company's supplier portal reduced the number of calls, emails, and interactions seeking information about company securities by 83%.

This occurred because the risk assessment platform is fully integrated with the ERP system via APIs, which update information in real time without the need for reconciliation.

In this way, the platform creates a new communication channel with suppliers, notifying them about payments, when a new document is available, or when a note or discount is applied to a title, ultimately facilitating the routine of both the anchor company and the suppliers. This also helps to increase satisfaction and boost business. Want to know more about the technologies that Sky.One offers for the financial market? Access it here .