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Restaurant & Hospitality
How Nectarine Credit Helped a Food Distributor Save Hundreds of Hours Each Month
The problem
We used to send out 40 or 50 PDF credit applications each month. With Nectarine Credit, we've digitized our entire credit process. It's super easy.
The Dream(Hopes/Fears/Dreams)
We used to send out 40 or 50 PDF credit applications each month. With Nectarine Credit, we've digitized our entire credit process. It's super easy.
The Technical Solution
We used to send out 40 or 50 PDF credit applications each month. With Nectarine Credit, we've digitized our entire credit process. It's super easy.
Join 1,000s+ of users
Nectarine Credit serves thousands of users in dozens of industries who are looking to automate their trade credit workflow.
We Serve Dozens of industries
Construction
Building Supplies
Manufacturing
Machinery
Food and Beverage
Oil and Gas
Chemicals
Distribution
Metals
Electrical
Plastics and Packaging
Safety Supplies
Supply Chain
Industrial Automation
Electronics And Communications
Shipping and Trucking
Restaurant & Hospitality
How Nectarine Credit Helped a Food Distributor Save Hundreds of Hours Each Month
The problem
We used to send out 40 or 50 PDF credit applications each month. With Nectarine Credit, we've digitized our entire credit process. It's super easy.
The Dream(Hopes/Fears/Dreams)
We used to send out 40 or 50 PDF credit applications each month. With Nectarine Credit, we've digitized our entire credit process. It's super easy.
The Technical Solution
We used to send out 40 or 50 PDF credit applications each month. With Nectarine Credit, we've digitized our entire credit process. It's super easy.
Food and Beverage
About the Customer
We are a $1B+ food distributor across North America -- both the U.S. and Canada. We sell to mom n’ pop restaurants, retail and hotels as well as large multi-national chains.
The Problem
Our team was bogged down by manual credit processes.
We used to send out 100+ credit applications each month all by PDF. It was slow and tedious and time consuming. Frankly, it was a disaster. Our credit department was a cost center and a bottleneck.
We used to send out 100+ credit applications each month all by PDF. It was slow and tedious and time consuming. Frankly, it was a disaster. Our credit department was a cost center and a bottleneck.
The Technical Solution
We needed a solution that would make our credit team a profit center and increase revenue.
With Nectarine Credit, we digitized our entire credit process -- credit applications and reviews. Set up was easy and efficient and Nectarine Credit's support has been second-to-none. We started saving money and making more money on Day 1.
They helped us automate our credit department and our sales team.
With Nectarine Credit's help, we turned our credit department into a profit center.
With Nectarine Credit, we digitized our entire credit process -- credit applications and reviews. Set up was easy and efficient and Nectarine Credit's support has been second-to-none. We started saving money and making more money on Day 1.
They helped us automate our credit department and our sales team.
With Nectarine Credit's help, we turned our credit department into a profit center.
Machinery and Equipment
About the Customer
We are a $1B+ machinery and equipment dealer. We sell new and used material handling equipment, and we offer rentals, parts, services and safety training. We have over 50 locations across North America and more than a dozen different brands.
The Problem
Our sales are more than $1B annually and our business is booming, but our credit process felt like it dated back to the Middle Ages. We were slow and inefficient. And we lost at least $500k per year in fraud.
We have dealers and branches across North America and we needed a solution that was cross-border and could manage our many different brands and our distributed credit team.
And we needed to stop the fraud immediately.
We have dealers and branches across North America and we needed a solution that was cross-border and could manage our many different brands and our distributed credit team.
And we needed to stop the fraud immediately.
The Technical Solution
Nectarine Credit was a game-changer. They have stopped 100% of the trade credit fraud we have seen and we are even seeing other risk events that are not fraud. For example, old companies shutting down and the founders starting a new company.
As fraud attempts continue to rise, we can attribute more than $1M in annual savings from Nectarine Credit's fraud protection measures. And more than $1M in efficiencies, risk reduction, increased cash flow and an entirely separate lift in overall revenue.
As fraud attempts continue to rise, we can attribute more than $1M in annual savings from Nectarine Credit's fraud protection measures. And more than $1M in efficiencies, risk reduction, increased cash flow and an entirely separate lift in overall revenue.
Packaging
About the Customer
We are a Fortune 1500 company in the plastics and packaging industry. We sell plastic bottles, containers and cartons, as well as cardboard packaging including corrugated sheets, boxes and packing supplies.
Our products are sold in more than 25 countries globally to food and beverage manufacturers, beauty and cosmetics, household, and healthcare industries.
Our products are sold in more than 25 countries globally to food and beverage manufacturers, beauty and cosmetics, household, and healthcare industries.
The Problem
Our credit department needed some improvements, most notably in automation. Our processes were manual and slow. And with our many team members distributed around the world, we needed a way to see what everyone else was doing.
The Technical Solution
Nectarine Credit's centralized dashboard allows us to not duplicate efforts and see what other team members are doing and why. The automation and transparency and simplicity has changed the way we do business.
We've sped up our credit approvals to less than 24 hours, where previously it would sometimes take more than a week. And, we are making smarter and better credit decisions.
Our finance team is ecstatic because our cash flow is stronger. And our sales team is happy because revenue has increased.
We've sped up our credit approvals to less than 24 hours, where previously it would sometimes take more than a week. And, we are making smarter and better credit decisions.
Our finance team is ecstatic because our cash flow is stronger. And our sales team is happy because revenue has increased.
Empower your credit team to make the best credit decisions
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