DDMonitor – Debtor Monitoring
Today it is common practice to run a creditworthiness check before entering into a business relationship. Once the business relationship is well established and the customer has displayed a past history of positive payment behaviour, further monitoring is often neglected. A deterioration in your customer’s creditworthiness is often a slow process that can lead to dangerous misjudgements on the part of the responsible decision-maker. To close this monitoring gap, you need comprehensive, reliable and timely information. The DDMonitor is the reliable instrument for monitoring your entire customer portfolio.
Digital Swarm Intelligence: process-optimised portfolio risk management
Our solution for medium-sized to large companies offers a highly professional monitoring service and optimises the credit decision process through fully automated portfolio monitoring of your German debtors. In this way, DDMonitor enables proactive payment target management through the exchange of payment histories among the participating partners.
The solution follows the principle of cooperation: all participants in DDMonitor (Deutscher Debitoren Monitor – German Debtors’ Monitor) anonymously provide the payment records of their business partners and create an individual customer portfolio to be monitored. These data are integrated and enriched with information from CRIF and the EOS Group and output again on a daily basis.
In this way, each individual participant benefits from the data in the shared data pool and is notified daily of critical trends within their customer portfolio.
DDMonitor is an ERP-based solution (SAP/Navision/SHC) or can be easily integrated into your existing risk management software.
- Largest pool of German debt collection data
- Permanent monitoring of the credit standing of your entire customer portfolio
- Up-to-date information relevant to creditworthiness through daily reporting of negative events
- Continuous minimisation of default risks
- Continuous monitoring of all companies registered in the DDMonitor, regardless of whether own payment records are available
- Creditworthiness early warning system for your daily decisions