Euler Hermes, the world's leading credit insurer, and Sidetrade, the European leader in financial customer relationship management, are joining forces with an innovative and exclusiveap proach to managing risks and opportunities over the entire sales cycle.
- Given rising company insolvencies (estimated at +2% in France and +21% in the euro zone in 20131) and difficulties in obtaining financing, company finance departments have put working capital optimization and customer risk management at the top of their priorities.
- Aimed primarily at large corporates, this web application is a joint receivables management tool that combines the company's internal parameters with all of the information contained in the Euler Hermes credit insurance policy. Financial decision-makers can then enhance their customer reminder policy and focus on the cases with the most at stake commercially.
- "This innovative agreement, which is built around the major synergies in our capabilities, will be a key means for optimizing cash flow and managing risk at companies," says Nicolas Delzant, Chairman of the Executive Board at Euler Hermes France.
"EH Intelligence by Sidetrade represents also an outstanding opportunity to strengthen a company's risk culture," adds Olivier Novasque.
- The product will first be launched in France, and by next fall in the United Kingdom.