News

HPD launches Credit Insurance Integration- Technology specialist partners with Atradius and Euler Hermes

Monday 9 October 2017

Technology specialist partners with Atradius and Euler Hermes to improve data quality and increase fee revenue for clients 

HPD Software, the technology specialist for commercial finance providers, is excited to announce the integration of credit insurance companies Atradius and Euler Hermes, on to its Aquarius platform - providing improved data quality and increased revenues to clients.

 

Aquarius, which forms part of HPD's LendScape product suite, is the complete technology platform that allows a business to deliver the full range of working capital finance solutions.

 

Atradius provides trade credit insurance, surety and collections services worldwide through a presence in 50 countries. Euler Hermes is a credit insurance company that offers a wide range of bonding, guarantees and collections services for the management of business-to-business trade receivables.

 

The integration has been fully developed and tested within HPD LendScape's latest Aquarius release 6.06. As a result, clients will experience improved automated data quality when undertaking business searches. A better, streamlined financing service will also reduce the potential for errors, minimise risk and increase fee revenues for Aquarius client users.

Individual business credit insurance integrated into the Aquarius CAR (Credit Application Request) framework also means that financing for new and existing debtor invoices can be expedited.

 

Andrea Cole, global products director at HPD Software, said: "Following client requests and extensive team development, we are delighted to announce this new licensed module, allowing insurance policies with Euler Hermes and Atradius to now be seamlessly administered through the platform.

 

"Through the service, our clients will be able to offer improved, automated and timely funding to their own customers – all while continuing to manage their risk exposure, and resulting in the potential for increased revenue.

This launch provides an excellent example of how HPD works together with its clients to identify opportunities and fulfil market needs. And, we're already beginning to see real interest from clients keen to upgrade to this module."