CubeLogic, a specialist in Business Intelligence products and services for risk management in the energy, commodity, and financial markets, has added support for Trade Credit Insurance to the latest release of version 6.0. of the RiskCubed platform.
Trade Credit Insurance is an increasingly popular tool to manage accounts receivable risk, effectively converting an unsecured, risky loan to secured collateral. As a trade finance instrument, the use of credit insurance is growing rapidly amongst energy market participants primarily due to its relatively low cost, ability to increase liquidity, and risk-conversion properties.
As most insurance providers will attest to, Trade Credit Insurance is not a substitute for diligent and proactive credit risk management practices. This means it should be incorporated into the operational activities and strategic thinking of credit managers and executives, and the most effective way to accomplish this is to have the entire credit portfolio in one place. CubeLogic achieves this and easily enables credit managers to analyse the impacts and benefits of adding a new policy, and/or managing existing policies alongside all other exposures, collateral, limits etc.
“CubeLogic continues to set the standard for enterprise risk management with the announcement of our support for Trade Credit Insurance. As markets evolve, so do we with an eye ever toward where our customers need us to be tomorrow. There is no better partner than CubeLogic for wholistic credit risk management” says Lee Campbell (pictured), CEO at CubeLogic.
