Carl Ras automates credit assessments with Risika

Carl Ras is a Danish family-owned company that sells tools, hardware, and workwear to professional tradespeople. Founded in 1932, Carl Ras today operates 22 wholesale centers, an e-shop, and apps for both smartphone and iPad.

Carl Ras is part of the Carl Ras Group, alongside Engros Beslag, 3Aktive, Jydsk Værktøj, and Nordjydsk Værktøjssalg. They are all specialists, ensuring that customers receive exactly what they need, while providing the service required for customers to solve their tasks effectively and grow their businesses.

It is a necessity to assess customer credit risk weighed against potential revenue. Consequently, Carl Ras needed a tool to gain an overview of customers' current financial situations and general challenges, enabling them to make proactive decisions.

Full Credit Overview

Carl Ras operates in an industry where providing credit to customers is essential. However, gaining a comprehensive overview—beyond just credit limits and payment terms—can be a complex task. Identifying fraud and maintaining continuous monitoring are crucial.

Carl Ras needed a clear and intuitive tool that centralized all financial and general information in one place. This made the Risika platform an obvious choice. Following a single onboarding session, Carl Ras was fully operational with the solution.

With the platform, Carl Ras can now generate estimates for customer credit limits and payment terms. Furthermore, the system monitors each customer's current status, enabling risk assessments based on an expanded credit review.