TradEnable Xtra

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. 

Product Details

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.

How does it work?

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. 

Consolidated data view

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.

Quick identification of customer changes

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.

Simplified reporting

Automates overdue and adverse information reporting, ensuring policy compliance.

Captive programmes

An effective tool for Captive programmes providing portfolio management on self-insured bad debt reserves.

Benefits

Profitability

TradEnable Xtra can significantly improve bottom-line profitability for many companies by:

  • Reducing the cost of credit limit management by setting a greater proportion of customer credit limits on trading experience only.
  • Reducing the cost of credit delinquency by identifying those accounts that consistently pay late, and thereby allowing more targeted collections action or account contract renegotiation.
  • Reducing the cost of bad debts by identifying riskier accounts, identifying over-trading accounts and by using customer risk intelligence to manage deteriorating trading relationships.
  • Enabling a more focused sales approach by highlighting the less risky accounts with available credit limit capacity.

Vigilance

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.

Intelligence

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.

 

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