- Improve risk management existing processes, multi insurer capability
- Address more timely and accurate information collection and invoicing
- Manage Credit Insurers’ policy
- Optimise credit risk processes
Challenges
Benefits
- Support development of factoring without recourse
- Make pre-sale process more reliable
- Can support multiple insurance programs
- Provide visibility across portfolio through a wide range of consolidated reports
- Optimise credit insurers’ policies
- Improve customer loyalty
- Improve coverage rates, response times, satisfaction rates, indemnification delays and loss ratios (indemnity/premium) and optimize ROI
Features
Web portal/Commercial development support
Decision support system
Debtors’ risks data-warehouse
Debtor balance management
Reporting and statistics
Web portal/Commercial development support
- Identification of prospective clients
- Standard or customised grading
- White label portal
Decision support system
- Standard or customised scoring
- Standard or customized assessment of credit limits
- Monitoring and reviewing of credit limits
Debtors’ risks data-warehouse
- External and internal financial information data
- Automatic online data collection and integration
- Data centralisation and shared access
- Credit insurance policy management:
- Processing of credit limit requests, reductions, cancellations
- Proposal of credit limit increases
- Compliance control to policy conditions and declarations
- Automatic issuance of declarations (extension, overdue, turnover)
Debtor balance management
- Management of multi-limits, multi-countries, multi-B.U., multi-policies, etc.
- Follow-up & control of risks based on tailor-made rules
- Send automated alerts for late payments, overdue, events
Reporting and statistics
- Daily reports of events
- Selection and browsing of the portfolio
- Indicators of performance (response time, capacity, satisfaction)
- Online access of portfolio insurance cover and risks
- Consolidated aggregated view
