A web-based credit management tool designed to set, manage and monitor customer credit limits and ease policy administration using live sales ledger data.
TradEnable Xtra is a trade credit limit management facility designed to set and maintain customer credit limits using uploaded sales ledger data.
TradEnable Xtra is a simple to use, yet highly effective credit limit management platform designed to be used in conjunction with an AIG trade credit insurance policy. It delivers the combined benefits of credit limit certainty, simplified administration and the potential for reduced credit limit costs.
When used with an AIG ‘Non Cancellable’ XOL policy structure it provides credit limit certainty both above and below a discretionary limit. The uploading of customer trading experiences in TradEnable Xtra means credit decisions are based on the most up-to-date information available, including easily overlooked key warning signs buried deep in ledger data.
TradEnable Xtra works by the policyholder uploading a regular excel file of customer trading history from their accounting software. It then uses this data to score customer trading relationships and to establish trading experience-based credit limits.
Trading experience directly influences the value of customer credit limits, so expect higher credit limits on strong customers who pay promptly and lower credit limits on more delinquent customers.
Uploading a regular file of data from accounting software is easy and our platform can accept excel files in whichever format the Account Receivable data is exported. Our platform matches buyers to a DUNS number, and links them to their Holding structure.
It also establishes accurate trading experience scores and identifies overdue accounts. It will calculate the cost of carrying delinquent customers and will automate any overdue reporting required to comply with AIG Trade Credit policy terms.
The ability to process customer ledger data from multiple sources enables a consolidated view of aggregated customer risk across different subsidiaries, product lines or ledger systems.
Provides credit limit management for all customers, large or small, worldwide. This enables customer portfolios to be monitored and helps to quickly identify those customers whose trading circumstances might be changing or those customers who are showing increasing signs of delinquency.
Automates overdue and adverse information reporting, ensuring policy compliance.
An effective tool for Captive programmes providing portfolio management on self-insured bad debt reserves.
TradEnable Xtra can significantly improve bottom-line profitability for many companies by:
Using its impressive ability to consistently process large amounts of customer related data, TradEnable Xtra’s built-in system of alerts and automated reporting might just provide that vital piece of customer risk intelligence that helps you successfully manage your way out of a deteriorating trading relationship before it’s too late.
Who are the riskiest customers? Who the most delinquent customers? How much does it cost to trade on credit terms? Where is there over-trading? Which accounts are deteriorating? TradEnable Xtra will tell you.
The systematic inclusion of customer trading experiences in credit limit management means credit decisions are based on the most up-to-date information available, including easily overlooked key warning signs buried deep in ledger data.
TradEnable Xtra’s ability to process customer ledger data from multiple sources enables a consolidated view of aggregated customer risk across different subsidiaries, product lines or ledger systems.