Legal Entity Customer Credit & Collections Data models enterprise data models data warehouse models industry data models generic data models best practice data models Erwin Allfusion data models HP Oracle EDS

Customer is the essential component of any business. Customers are the focus of business activity and necessary to provide the revenues needed by the business.

Most business operations provide credit to their customers, which introduces another risk factor for the business. If the customer does not pay as agreed the business has provided products or services without compensation but with associated costs.

Legal entity customers are different from individual customers in both their credit characteristics and collection techniques.

Legal entity customers also tend to be much larger customers in terms of sales volume and in demanding more favorable sales terms. They represent a much greater risk to the business should they fail to honor debts and make timely payments.

The credit qualification of prospective customers coupled with the timely identification of problem customers can enable the business to avoid significant losses and manage the customer relationship.

The credit qualification of 'corporate' or legal entity customers is an important function that draws upon internal data and external data from vendors such as Dun & Bradstreet.

The Credit & Collections Legal Entity Customer Business Area Model integrates information from both internal and external sources to provide a comprehensive credit reporting data architecture.

>  Credit Rating
>  Stability Rating
>  Credit History
>  Supplier Risk
>  Terms & Conditions
>  Liens
>  Suits
>  Collection Activities

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