Extra Credit

Most Credit Departments Still Rely on Paper Credit Applications

February 10, 2023 NACM Episode 44
Most Credit Departments Still Rely on Paper Credit Applications
Extra Credit
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Extra Credit
Most Credit Departments Still Rely on Paper Credit Applications
Feb 10, 2023 Episode 44
NACM

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Like many industries these past few years, B2B credit has needed to adjust to a new digital reality. Most credit departments have adopted more technology and automation than ever before, except when it comes to digital credit applications. According to an eNews poll, more than half of credit professionals say only 25% or less of credit applications they receive are online, while 18% have fully digitized the credit application process and no longer accept paper.

Show Notes

Send us a Text Message.

Like many industries these past few years, B2B credit has needed to adjust to a new digital reality. Most credit departments have adopted more technology and automation than ever before, except when it comes to digital credit applications. According to an eNews poll, more than half of credit professionals say only 25% or less of credit applications they receive are online, while 18% have fully digitized the credit application process and no longer accept paper.