Quartzy, the world’s leading lab management platform and equipment distributor, was entrenched in a manual process for credit applications. The Accounts Receivable (AR) team was looped into sales deals after the point of purchase for large orders that required a line of credit.
Issuing credit took anywhere from 2-3 days for a customer to return an application, but there were commonly additional delays of 1-5 days for each point of clarification. Once AR had complete applications, credit decisions were sometimes made with insufficient insights into customer financials.
Nuvo transformed the landscape for Quartzy's customer experience. The modern, digitized experience eliminated bottlenecks with AR and introduced a data-driven, automated approach to issuing personalized credit limits.
Nuvo centralized customer credit profiles and dynamic information was made visible across the organization. In turn, Sales and Customer Success were empowered to better serve customers, which led to a seismic shift in operational efficiency.
“We're now achieving revenue more rapidly, and creating a better customer experience for our customers, too.
Furthermore, our sales reps and finance team have complete clarity on the status of each credit application.”
2 weeks or more to process paper applications
Delays with illegibility and incomplete or inaccurate information
Online credit application with instant credit insights, payment history and automated references
Digitized process for complete and accurate applications
Longer PO wait periods for new customers
Faster PO fulfillment drives revenue and eliminated bottleneck with Finance
Sales had no visibility into credit application status or changes in credit history
Customer Success had no visibility into credit application status for customer inquiries
Instant alerts for changes in application statuses or credit profiles
Centralized online location to search application status and customer information
2 weeks or more to process paper applications
Online credit application with instant credit insights, payment history and automated references
Delays with illegibility and incomplete or inaccurate information
Digitized process for complete and accurate applications
Longer PO wait periods for new customers
Faster PO fulfillment drives revenue and eliminated bottleneck with Finance
Sales had no visibility into credit application status or changes in credit history
Instant alerts for changes in application statuses or credit profiles
Customer Success had no visibility into credit application status for customer inquiries
Centralized online location to search application status and customer information