Credit Approval Delays
Definition
Manual credit application processing involves reviewing forms, requesting credit reports, and deciding on limits/terms, leading to processing times of 1-2 days per application. This causes delays in starting trade on credit terms, extending payment cycles.
Key Findings
- Financial Impact: 20-40 hours/month manual processing; 1-2 days delay per application increasing DSO by 5-10 days
- Frequency: Per credit application (high volume in wholesale)
- Root Cause: Manual form review, credit score checks, and decision-making without automation
Why This Matters
The Pitch: Wholesale Paper Products players in Australia 🇦🇺 waste 20-40 hours/month on manual credit reviews. Automation of credit checks eliminates this Time-to-Cash drag.
Affected Stakeholders
Credit Managers, Accounts Receivable, Sales Team
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Customer Churn from Friction
Bad Credit Decisions
Late Payment Penalties Forgone
Paper Invoice Processing Delays
Delayed GST Tax Invoices
AR Ledger Errors
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