Creditsafe Cash Allocation Process Improvement Case Study

This case study details the collaboration between Creditsafe and BlackLine to enhance the order-to-cash processes across 14 countries. Creditsafe, a global credit risk intelligence provider, faced challenges due to significant growth, which increased the workload for its credit and collections team. The existing reliance on outdated systems like Microsoft Navision and Excel spreadsheets hindered efficiency. The partnership with BlackLine aimed to streamline cash allocation, improve visibility, and enable accurate predictions. The implementation process, despite pandemic-related limitations, was successful due to effective collaboration between teams. The BlackLine solution allowed for real-time payment processing, reducing the time required for cash inflow processing from a full day to less than 90 minutes. The case study highlights the benefits of adopting BlackLine, including enhanced reporting capabilities and improved focus on collection targets, ultimately making the credit management process more efficient for Creditsafe.