Credit Insurance

Starting point

Credit insurance is one of the tools that companies use to protect themselves against the risk of payment defaults and bad debt losses. The insurance company covers payment risks arising from insolvency or political risks, on both national and international markets.

On the flip side, there are premiums and franchises to pay and a high administrative effort is involved in the day-to-day management of credit insurance limits.
While SAP provides you with necessary basic information (e.g. open items), it is unable to automatically determine and manage credit-insurance-relevant information and reports.

Challenge

Considerable manual effort
No notification of balances or turnover from within SAP
No notifications of overdues from within SAP
Reports only in Excel
Time-consuming communication processes with the insurer
etc.

Solution

SOPLEX CI – the credit insurance management software for SAP

Contract management
Direct connection to different credit insurers from within SAP
Management of credit insurance limits in SAP
Management of decisions and decision codes in SAP
Assignment to customer records
Worklists that help you to meet your contractual obligations
Reporting (notifications of overdues, notification of balances or turnover)

Features

SOPLEX CI – modern credit insurance management with SAP

Management of different insurance providers for a customer
Management of different contract types
Insurance account per customer
Insurance limit updates
Calculation of indemnity
Risk determination
Worklists for the user in charge (e.g. applications for limit increase)
Integration into SOPLEX CM (credit limit, solvency index)
Integration into FSCM
CI information system – reports by the click of a button

Business impact

SOPLEX CI is the SAP solution that optimizes your credit insurance management and provides you with online access to the credit insurance providers from within your SAP system.