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Credit Risk Management

Automated Collateral, Securities and Credit Insurance Management

Efficiently manage credit security and insurance coverage with automated collaterals and prebuilt insurance agency integrations

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Collateral and Securities Management

  • Collaterals and Securities like Letter of Credit, Bank Guarantees, Personal Guarantees, etc., can be given along with a credit application. This help decide if someone can get credit or not.
  • The Credit Scoring Model checks if the risk is lower than the value of these collaterals.
  • If the collaterals have an end date, the system checks the account regularly proactively and brings up for review
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Credit Insurance Management

  • Prebuilt Integrations with Insurance Agencies automate insurance for high-risk and high-revenue accounts. Agencies like Coface, Euler Hermes are involved.
  • In Europe, companies often get insurance for all customer debts, not just certain buyers.

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Frequently Asked Questions

Collaterals such as Bank Guarantees or Letters of Credit, submitted by Prospects during credit applications, significantly influence the decision-making process. These instruments serve as a form of assurance, mitigating potential risks associated with extending credit.

The Credit Scoring Model works in tandem with the Collaterals provided. It ensures that the value of the Collateral aligns with an acceptable level of credit risk. This alignment is crucial to maintain a balance between creditworthiness and the value of security offered.

The system takes a proactive approach to account management by regularly monitoring Collateral-backed accounts. If Collaterals have expiry dates, the system triggers timely reviews, enabling businesses to stay on top of credit management and anticipate potential issues.

Prebuilt Integrations streamline the process of obtaining insurance coverage for high-risk or high-revenue accounts. By collaborating with reputed agencies like Coface and Euler Hermes, these integrations automate insurance procurement, enhancing risk mitigation practices.

In Europe, a distinct practice involves securing insurance coverage that spans all customer debts, rather than limiting it to individual buyers. This broader approach aims to provide comprehensive protection against credit-related uncertainties.