"We are excited about our relationship with Harland Financial Solutions Worldwide to provide our clients with the leading platform for managing credit risk in an increasingly volatile trading environment," said Christian Lindemann, Director of Credit at SCC Swiss Commercial Capital. "Harland Financial Solutions Worldwide's market-proven application has full functionality for credit managers and financial analysts, providing accurate data on credit risk and rating of trade account debtors. Rigorous use of such tools combined with a sound credit policy can dramatically improve a company's ability to avoid bad debts."
SCC Swiss Commercial Capital, while providing CreditQuest as a stand-alone offering, has also built the product into its overall supply chain finance platform for the expedient management of cross-border credit risk. The increased transparency afforded by such tools allows SCC Swiss Commercial Capital to better manage credit exposures within the supply chains of major corporations around the world.
Recent market research indicates that a substantial number of all blue chip manufacturers are still using rudimentary, spreadsheet-based credit analysis tools. In the current economic environment, many of these companies are now searching for alternatives to better manage risk on an ongoing basis.
"SCC Swiss Commercial Capital was a natural fit for us as a partner," said Orren Peled, Vice President of Global Risk Solutions Research and Development at Harland Financial Solutions Worldwide, Ltd. "SCC Swiss Commercial Capital's managers have many years of experience working with our software and are uniquely positioned to articulate the value proposition to large corporations and banks looking for a more comprehensive credit risk management solution. It will also give SCC Swiss Commercial Capital more flexibility for customers seeking to finance receivables, as well as for companies looking to roll out an integrated enterprise level credit system in multiple geographies."