ING Commercial Finance continuously wants to innovate, to provide the best client experience. They securely handle data regarding inventory, debtors and creditors of their clients. Their challenge is to create innovative products with a quick go to market. With the OptimisING tool they want to create a solution for a clear overview of a client's working capital situation. The tool has to combine and enrich internal and external data into one application. This way they can gain insight into accounts receivable and accounts payable portfolio. As a result, clients will experience ease, simplicity, flexibility and efficiency. That will attribute to Customer loyalty and in the long run to a larger market share.
Together with ING we created a tool with multiple dashboards with the most important insights at a glance. The solution has intuitive navigation and consists of next level UX. Our Agile approach resulted in a close collaboration between IT and business. In six weeks time the Minimum Viable Product was ready in the form of a prototype. From there on the tool was further developed, based on feedback from clients. Now clients have more control over their portfolio and they get relevant insights.
The application is available on all devices. A dashboard gives insights into debtors within the portfolio. Clients get detailed information per debtor. There is a working capital overview with metrics (DIO, DSO, DPO & CCC). In a glance clients get insights into the influence of debtors. It contains a liquidity planner to calculate different loan scenarios. And finally the application has an alarming system that notifies which clients cross over set thresholds.
Detailed information per debtor and creditor
Shows specific trends and shows the solvability of the debtor.
Dashboard giving insights into debtors and creditors
Insight into debtor trends for the company. How does that affect the financed credit?
Alarming system with notifications when thresholds are crossed
Directly alarmed when the metric comes into danger zone. On the whole portfolio, and per debtor.
Liquidity planner with what-if scenarios
A director can simulate different payment scenario's.
Working capital overview with key metrics
All the metrics affecting the cash conversion cycle. With visualized 'danger' zones.