“Since deploying Cortera’s eCredit solutions, Ryder has reduced the risk level of its customer portfolio by 5 percent…we are experiencing the lowest write-off volume in six years.”
– Douglas Hansen, Director of Receivables Management
- Improve profit margins in the Company’s truck leasing business
- Increase number of approved lease customers without taking on additional credit risk
- Eliminate manual credit approval process
- Pave the way for new e-Commerce channels
- Implement Cortera’s real-time credit scoring application, eCredit, with automatic risk-adjusted pricing
- Provide two automation services: real-time verification checks with links to credit reporting agencies, and real-time credit scores that reflect Ryder’s own credit management policy
- Reduced risk level of the customer portfolio by 5 percent
- Increased sales with lower risk and increased profitability
- Enabled Ryder’s 800-person sales force to submit requests directly from their PCs and receive risk adjusted pricing in about a minute.
- Empowered sales associates with the ability to close deals with customers at the point of contact as a result of implementing instant credit checks.