Euler Hermes is a credit insurance company that offers a wide range of bonding, guarantees and collection services for the management of business-to-business trade receivables. Euler Hermes is owned by Allianz and operates in over 50 countries around the world.

The Problem

Euler Hermes traditional credit insurance offering is not suitable for many small businesses due to the cost of providing the whole ledger cover and burden of managing the facility for the insured. The quoting and onboarding process can take several weeks due to the requirement to manually collect and process data from the SME.

The Solution

Codat has enabled Euler Hermes to offer SMEs a new digital proposition - tradelock.co.uk

Codat's solution makes a lot of sense for us as it means we can offer credit insurance to greater number of small businesses more quickly”
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