2022
25%
30%
35%
20%
15%
10%
05%
0%
%
93.8
%
17.9
Leading Distributor Uses Moody’s Analytics Pulse to Gain Credit Insights and Reduce Costs
about FLOCOR
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.
With an immense AR portfolio, Flocor’s credit team was looking for an efficient way to monitor for credit risk.
About Flocor
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco.
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.
Flocor found the monitoring services from other providers were extremely expensive
Costly Services
The alerts Flocor received on their customers were not relevant or actionable
Irrelevant Alerts
The solutions were not impactful in empowering Flocor to manage their receivables
Inneffective Solutions
Before Moody's Analytics Pulse, Flocor Tried Numerous Credit Monitoring Services
Flocor decided to try Moody Analytics Pulse free AR monitoring service to bring more data and transparency to their credit team, and this platform soon became essential to managing their receivables.
Flocor began monitoring their receivables using
Moody’s Analytics Pulse. They now receive one
daily email alert of changes in risk and critical
insights on their accounts in time to act.
Moody's Analytics Solution
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco.
Background Section 2
Moody’s Analytics Pulse portfolio monitoring and daily email alerts are fantastic. It gives me a poke to investigate when accounts could be at risk, without adding to my daily workload.
Amanda Slusarczyk
NATIONAL CREDIT MANAGER, FLOCOR
+
Hover to See What Flocor Has To Say
Their credit team immediately saw the value of the platform as they began receiving crucial notifications of customer risk, that other providers were not notifying them of.
Moody’s Analytics Pulse monitors Flocor’s portfolio for thousands of risk factors and notifies Flocor across 7 different alert types. Flocor found the alerts are notifying them in time to reduce credit limits or close out accounts before it’s too late.
Daily Email Alerts
Nine out of ten times Moody’s Analytics Pulse has the information I am looking for on my customers and it saves us lots of money from pulling costly reports with other agencies.
Amanda Slusarczyk
NATIONAL CREDIT MANAGER, FLOCOR
+
Flocor pulls Moody’s Analytics Pulse credit reports when setting up new accounts or when looking for more detailed information on existing accounts.
In the reports, they like the ability to pinpoint exactly when scores were dropping or increasing over time in the score history graphs, a level of detail they haven’t found in any other credit report. Flocor has found the credit reports from Moody’s Analytics Pulse provide greater value for a lower cost.
In-Depth Credit Reports
Solution Section 4
Flocor has been able to cut a significant amount of costs by pulling credit reports from Moody's Analytics Pulse and reducing report subscriptions with other providers
Reduced Costs
Peer payment alerts enabled Flocor to effortlessly lower their days-beyond-term with legacy accounts
Increased Payment Speed
Daily alerts notified Flocor of risk in time to prevent charge-offs, with one credit score decline alert alone protecting their receivables from significant loss
Prevented Charge-offs
Results
Positive news alerts inform Flocor about opportunities such as customer revenue growth, acquisitions, or the development of an industry-leading technology. In certain cases, Flocor has been able to use this positive information to raise credit limits, increasing revenue.
Problem Section 1
SCHEDULE DEMO
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco.Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco.
Interested in Protecting your Receiveables, Increasing Payment Speed, or Reducing Costs like Flocor?
The Moody’s Analytics Pulse platform has empowered Flocor to prevent charge-offs, increase customer payment speed, grow revenue, and reduce costs.
According to Flocor's National Credit Manager Amanda Slusarczyk, “Over the past two years Moody’s Analytics Pulse has saved us quite a bit of money, by notifying us of risk ahead of time so we can take action to protect our business.”
Results
Moody’s Analytics Pulse alerted us to a drop in credit score on an account with an outstanding balance and a custom large order that was about to be shipped out. I was able to hold the shipment back and work a deal, saving us thirty thousand dollars.
Amanda Slusarczyk
NATIONAL CREDIT MANAGER, FLOCOR
SHARE STUDY
DOWNLOAD STUDY
+
Click to See What Interstate Has To Say
+
Alerts are not just useful for risk management, but also provide revenue opportunities. For example, peer payment alerts notify Flocor about which accounts are paying others in their industry faster than they are paying Flocor.
Flocor finds these alerts essential for managing legacy or grandfathered accounts, who have fallen into a pattern of paying later over the years. They know which accounts have the ability pay faster and have been able to increase their payment speed by applying pressure to these accounts.
Amanda Slusarczyk
NATIONAL CREDIT MANAGER, FLOCOR
I would recommend Moody’s Analytics Pulse to any credit department looking for timely risk updates on their customers delivered in an efficient and consumable way.
FLOCOR CASE STUDY