Euler Trade Indemnity (ETI) and Experian have announced an alliance which will improve ETI’s service to its clients in the UK, through e-commerce and traditional trading channels.
Experian will provide ETI with business information to combine with its own databases to monitor risk portfolios, investigate the financial status of its clients’ customers and evaluate applications for policy cover.
Announcing the agreement, Russell Benzies, chief executive officer of Euler Trade Indemnity, said: “Our agreement will enable us to add considerable value to our services within the SME sector through Experian’s information on the non-limited sector and its non-financial databases, as well as new data sources. These are becoming increasingly necessary as changing legislation reduces the level of financial information that companies are required to produce.”
Richard Fiddis, chief operating officer of Experian, added, “Euler Trade Indemnity is the UK’s number one supplier of credit insurance and has unrivalled expertise in evaluating company performance, so we are delighted that they have chosen Experian as a partner. Our agreement will have a significant impact on helping businesses to target their sales efforts more effectively by focusing on profitable customers and markets.”
Experian is an information solutions company. It uses the power of information to help its clients target prospective customers, manage existing customer relationships and identify opportunities for profitable growth. The company is a subsidiary of the Great Universal Stores and has headquarters in Nottingham, UK and Orange, California. Its 12,000 people support clients in over 50 countries.
Euler Trade Indemnity provides insurance of trade debt against risk of buyer insolvency, tailored add-on services and credit management advice. It is the world’s premier credit insurer and Europe’s leading integrated factoring company. It is an international group composed of companies in France, the United Kingdom, Italy, the United States, Canada and in the Benelux countries. The group’s credit insurance companies all have a AA+ rating from Standard & Poor’s, the highest rating ever given to a credit insurer.