AIG UK has set up a new credit limit management platform which aims to support trade credit professionals to more accurately assess customer credit risk.
The 'AIG Global Limit Manager' system has been developed in the UK over the last two years in conjunction with Aranova.
"This is an exciting new credit risk management facility which systematically uses live customer trading experience from a sales ledger system to make better, more informed credit risk decisions and to set credit limits,” explains Neil Ross, senior vice-president for trade credit at AIG.
"It is a powerful analysis and reporting tool that constantly watches over trade credit risks, providing ongoing intelligence and alerting when things change,” he adds.
The concept of the platform is that through one single, centralised mechanism, policyholders will be able to manage and monitor all their customer credit limits as well as being able to fulfil their overdue and adverse information reporting requirements.
It aims to remove the uncertainty surrounding the operation of a trade credit insurance policy, the management of customer credit limits and compliance with policy reporting requirements.
Reader Comments