2022
25%
30%
35%
20%
15%
10%
05%
0%
%
93.8
%
17.9
Credit Department at Top Manufacturer Boosts Efficiency While Lowering Operating Costs
about FLOCOR
Blue Water Industries is a leading North American aggregate and asphalt producer that provides quality products with world class service.
Blue Water Industries was looking for accurate and timely financial information on private companies to proactively manage risk across its $190M portfolio.
About Blue Water Industries
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Flocor is a leading North American distributor of top-quality name-brand pipe, valve and fitting products and services to mechanical, fire protection, waterworks, water, and wastewater treatment, commercial, mining, institutional and industrial markets.
Blue Water Industries would have to sift through thousands of records to find their customers
Deficient Search Logic
Blue Water Industries found the sources often lacked data on the small to medium private businesses in their portfolio
Missing Customer Records
The solutions did not provide Blue Water Industries with easily accessible credit data on their customers
Ineffective Solutions
Before Moody's Analytics Pulse, Blue Water Industries Tried Numerous Credit Data Providers
Blue Water Industries decided to try Moody Analytics Pulse to close that gap. This solution brought more data and transparency to their credit team, and soon became their sole source for credit data and timely insights on their customers.
Moody's Analytics Solution
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Background Section 2
Almost immediately Blue Water Industries found the company search feature extremely simple and easy to use in comparison to other credit databases.
They were able to find information more efficiently since the search feature only required limited information and the logic would return exactly the firms they were looking for. They also discovered that the database had information on businesses they never had access to before.
Credit Data Coverage
Blue Water Industries has saved around
$6,000 annually in credit report costs since we began pulling Moody’s Analytics reports.
Carl Davidson
DIRECTOR OF CREDIT & COLLECTIONS
BLUE WATER INDUSTRIES
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When Blue Water Industries is alerted to a potential risk or receives a new credit application, they pull in-depth credit reports from Moody’s Analytics Pulse to learn more. The credit team likes that the reports contain the detailed insights they need without requiring them to pay large fees.
Deep Dive Credit Reports
Solution Section 4
Pulse empowered Blue Water Industries’ to shorten decisioning wait times for new applicants from 1-2 days to less than an hour
Reduced Costs
The affordability of the credit reports allowed Blue Water Industries to reduce operating costs by $6,000 annually
Increased Payment Speed
Blue Water Industries’ was able to automate manual processes saving them over 450 hours total this year alone
Prevented Charge-offs
Results
Problem Section 1
SCHEDULE DEMO
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Interested in protecting your receivables, increasing efficiency, or reducing operating costs like Blue Water Industries?
The Moody’s Analytics Pulse platform has empowered Blue Water Industries to proactively manage receivables, increase efficiency, and reduce operating costs.
The unique data on companies in their portfolio and timely risk alerts enable Blue Water Industries to tighten credit limits before its receivables are at risk.
Results
Moody’s Analytics Pulse gives us access to crucial insights on private companies in our portfolio, that other credit providers simply do not have.
Carl Davidson
DIRECTOR OF CREDIT & COLLECTIONS
BLUE WATER INDUSTRIES
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BLUE WATER INDUSTRIES CASE STUDY
Blue Water Industries now trusts Moody’s Analytics Pulse to monitor its receivables portfolio of over $190 million. Proactive monitoring empowers the credit team to stay ahead of risk, without burdening them with unnecessary work.
They receive one daily email which summarizes changes in risk across their portfolio. This simple approach means they receive critical risk information in time to act on it.
Daily Email Alerts
Carl Davidson
DIRECTOR OF CREDIT & COLLECTIONS
BLUE WATER INDUSTRIES
Moody’s Analytics Pulse has alerted us to numerous credit risk scenarios in time to decrease credit lines before payments were at risk.
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Hover to See What Blue Water Industries Has To Say
Blue Water Industries was also able to automate its decisioning process for new credit applicants. The credit team easily created custom decisioning logic within the Moody’s Analytics Pulse application which provides a credit decision along with the report, allowing them to shorten the decisioning wait time for new applicants from 1-2 days to less than an hour.
Automated Decisioning
Carl Davidson
DIRECTOR OF CREDIT & COLLECTIONS
BLUE WATER INDUSTRIES
The automated decisioning in Moody’s Analytics Pulse has saved us over 430 hours in this past year in manual data analysis.
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In addition to the efficiencies gained with decisioning, Blue Water Industries was also able to automate management reporting. The credit team simply downloads Moody’s Analytics monthly portfolio report and shares it with the CFO, keeping key stakeholders up to date on the status of their receivables. The automated report provides a snapshot of the entire A/R portfolio, saving the credit team hours of manual data analysis monthly.
Portfolio Analysis Reports
Total ANNUAL TIME SAVINGS
00 hours
25 hours
50 hours
100 hours
150 hours
225 hours
275 hours
300 hours
450+ hours
total ANNUAL COST SAVINGS
$100
$1,000
$2,000
$3,000
$3,500
$4,000
$4,999
$5,499
$6,000
Increased Efficiency
Reduced Costs
Decreased Decision Wait Time
Carl Davidson
DIRECTOR OF CREDIT & COLLECTIONS
BLUE WATER INDUSTRIES
Moody’s Analytics Pulse has alerted us to numerous credit risk scenarios in time to decrease credit lines before payments were at risk.
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Click to See What fLOCOR Has To Say
Blue Water Industries now trusts Moody’s Analytics Pulse to monitor its receivables portfolio. Proactive monitoring empowers the credit team to stay ahead of risk, without burdening them with unnecessary work.
They receive one daily email which summarizes changes in risk across their portfolio. This simple approach means they receive critical risk information in time to act on it.
Daily Email Alerts
Carl Davidson
DIRECTOR OF CREDIT & COLLECTIONS
BLUE WATER INDUSTRIES
The automated decisioning in Moody’s Analytics Pulse has saved us over 430 hours in this past year in manual data analysis.
+
Blue Water Industries was also able to automate its decisioning process for new credit applicants. The credit team easily created custom decisioning logic within the Moody’s Analytics Pulse application which provides a credit decision along with the report, allowing them to shorten the decisioning wait time for new applicants from 1-2 days to less than an hour.
Automated Decisioning
In addition to the efficiencies gained with decisioning, Blue Water Industries was also able to automate management reporting. The credit team simply downloads Moody’s Analytics monthly portfolio report and shares it with the CFO, keeping key stakeholders up to date on the status of their receivables. The automated report provides a snapshot of the entire A/R portfolio, saving the credit team hours of manual data analysis monthly.
Portfolio Analysis Reports
450+ hours