CreditTracker™
CreditTracker™ is a new online system that enables businesses to automatically track balances and credit limits on their customers, manage new and increased credit limit requirements and control uninsured exposures.
It enables businesses to automatically track balances and limits on their customers, manage new and increased credit limit requirements and control uninsured exposures on a daily basis.
CreditTracker™ is designed to give businesses an on-line exchange of information and knowledge about their customers to help them elevate credit management from being simply a ‘function’ to one that is recognised as a key business driver. Any business that is credit insured through Euler Hermes UK can have access to the service.
CreditTracker™ also helps to instil greater levels of control within the credit management process. Proactive alerts and warnings draw attention to when maximum credit limits have been exceeded, assisting with internal management and control over ‘acceptable’ levels of uninsured sales. Users can take greater comfort from the on-going monitoring of balances against limits, removing the fear of ‘oversight’, and benefit from improved management information to help their business and senior management staff to make better informed decisions to support business growth.
CreditTracker™ is an enhancement to a company’s existing Euler Hermes On-Line Information Service (EOLIS), and easily integrated within the policyholder’s existing credit management operation. Clients using this service make a simple and regular file upload into our system. The file contains up-to-date sales ledger balances for all their buyers. CreditTracker then processes the file overnight, enabling the sales ledger balances to be compared to the value of the current Euler Hermes credit limit (or discretionary limit) held by the client for each buyer. The frequency of the file upload is entirely up to the client.
A further advantage to users of CreditTracker™ is that they will receive enhanced Credit Intelligence Reports (CIR), upgraded to advise clients when they have capacity to increase sales within existing credit limits; are overtrading; or have a balance but no credit limit, or indeed unused credit limits.
Online Demo
We have prepared a short flash demonstration to show you what CreditTracker™ can do.
If you're already familiar with EOLIS, our on-line information service, you know what a powerful resource it is. Now with CreditTracker, you can use EOLIS to do even more.
Euler Hermes Group
