ITASCA, IL--(Marketwired - August 18, 2016) - Every year credit practitioners gather together to network, learn, and share their knowledge at the Credit Research Foundation Forum and Expo. In downtown Chicago, from August 8th-10th, Bectran had the opportunity to actively participate with sixty other vendors and three hundred members of the credit community.
Upon surveying key participants across different levels at the conference, there was a notable increase in demand for credit management automation solutions. This indicates that companies are increasingly willing to make the needed investment in technology to boost the productivity of their employees and retool their credit process.
During the Open Forum, over 75% of inquiries submitted by participants at the conference cantered on ways and tools to automate their current manual credit management process, while also streamlining data exchange across interdependent software systems. As the industry leader in credit management automation and credit process optimization, companies across a broad spectrum: wholesalers, distributors, manufacturers, service providers, etc.; sought advice from the Bectran team on how to repower their credit process and reposition their credit department for high performance. The conference also provided the opportunity to showcase some of the latest technologies in Bectran's suite that facilitates seamless integration and data exchanges between the Bectran platform and ERPs including other interdependent software platforms.
Overall, this year's CRF conference was a very exciting and rewarding experience for Bectran and the company looks forward to furthering the partnership with the Credit Research Foundation.
Bectran, the industry leading SaaS platform, has grown rapidly over the last five years to become the companion toolkit for the Credit Department just as CRM is for the Sales Department. From simple to complex organizations, SMEs to Fortune 500 companies, Bectran has helped companies cut down the time to process and approve credit by over 90% whilst significantly lowering the risk of credit defaults and the cost of collections. Our customers enjoy the ease, speed, and cost-effectiveness of adopting the Bectran platform. New clients are on-boarded in matter of days/weeks. Credit Professionals in various industries have described the Bectran platform as the future of the credit department. Recently, Bectran was recognized as a top innovator in the credit software industry.