Starting point

The Euler Hermes Collection Management GmbH is a separate company within the Euler Hermes Group. Its business focus includes solvency checks and creditworthiness grading, thus controlling an insured trade volume of around 600 billion Euros.

The solvency analyses are based on over 40 million data records of national and international companies. Besides Euler Hermes’ own data pool, the data sources include leading business information agencies, credit institutions, collection agencies, industry and country-specific reports and the companies affiliated to the Euler Hermes Group. In addition, information is derived from sales force reports, research results of regional experts and information provided by around 20,000 policy holders of the Euler Hermes Kreditversicherungs-AG on the payment behaviour of their customers.

The Euler Hermes BoniCheck offers you a refined assessment of your business partners’ insolvency risk. BoniCheck provides you with a 10-grade ranking for each customer for whom you request a solvency check, ranging from ‘AA’ (excellent credit-worthiness) to ‘D’ (not creditworthy) and the special grades ‘I’ and ‘NR’. This grading enables you to make a reliable appraisal of the risk that arises from dealing with each of your customers.

Each grade represents a statistically modelled probability based on a reliable and factual basis, indicating the risk of a company going into insolvency over the next 12 months. For companies rated ‘AA’, the insolvency risk is practically zero, whereas ‘D’ rated companies have a very high risk of becoming insolvent. The monitoring service keeps you up-to-date on how your customer develops over a period of 12 months, notifying you immediately of any solvency-related changes in a customer’s situation.

Quick handling and process integration are of key importance.

However, things look quite different in practice:

• Information has to be retrieved over the Internet or telephone
• The complete process is managed manually (entry of inquiry data, …)
• Multiple inquiries because information is not centrally available
• Retrieved information is not assigned to the SAP customer record
• In most of the cases, information is only available on paper
• etc.

Requirements of an integrated business information management tool with Euler Hermes
and SAP

Management of the complete process directly within the SAP system:

• Submitting inquiries to Euler Hermes
• Retrieval of information
• Management of information
• Automatic retrieval of research results
• Monitoring service
• History of retrieved information
• Comprehensive reporting tools
• Customer transparency at all organizational levels – all departments, such as sales, dunning department, etc., need to have access to the information at any time in order to optimize processes and avoid risks

Solution: Euler Hermes BoniCheck Connect for SAP

Euler Hermes BoniCheck Connect for SAP supports all stages of the external information management process, from the retrieval of information into your system to the management of Euler Hermes information.

Features of Euler Hermes BoniCheck Connect for SAP

• Direct connection to the Euler Hermes database
• Inquiries directly from within SAP
• Information reports completely managed in SAP
• History of retrieved information
• Mailbox
• Supports SAP mail and e-mail
• Integration into the SAP customer master record
• Integration into the SAP credit master data
• Alert lists
• Alert system

Technology

Euler Hermes BoniCheck Connect is add-in software for SAP

• Own namespace
• Programming language ABAP/4
• No modification of the SAP system
• Implementation via SAP transports
• Multilingual versions
• No additional hardware required
• No third-party software required
• SAP authorization concept
• Easy to implement