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Services for Specialty
Insurance Brokers
--- Tired of battling insurance companies,
policyholders, and, often, their bankers?
--- Are you increasingly frustrated at keeping up with higher
administrative costs to properly service your trade credit
insurance clients and their insurers?
--- Are you looking for ways to increase your earnings, provide
value-added to your customers in an increasingly automated
insurance environment, and reduce the administrative cost
of your back office?
Trade Banker® and Trade Credit Policy Managersm
may be the solutions to your problems.
Trade Banker®
is a trade credit insurance policy verification and receivables
monitoring system that shifts much of the policy administration
process from your back office to your customers. Once customer,
policy, buyer and any bank loan data is loaded into the system
(just like your customers currently MANUALLY interrelate their
accounts receivable and customer payments to the trade credit
insurance policy and their receivables financing) Trade Banker®
utilizes the same data to AUTOMATICALLY measure whether or
not the outstanding receivables are covered by their specific
policy.
Trade Credit Policy Managersm
is a back office policy management and customer contact manager
system, designed specifically for the trade credit insurance
industry. It keeps you one step ahead of your customers and
their insurance companies by proactively managing these files.
It puts your voluminous paper policy and "pending"
files at your fingertips and on your desktop computer. Combined,
these programs:
GUARD AGAINST THE FOUR KEY REASONS FOR CLAIM
DENIAL:
- Failure To Report ALL transactions
- Underreporting ALL transactions
- Inadequate Buyer Limits (shipping without coverage)
- Late Filing (and late premium payment)
First, Trade Banker®
guides you through the process of loading the insurance policy
terms, conditions, and various limits into the system. It
requires that data be thoroughly entered in specific fields
so "acts of omission" are minimized.
Trade Banker® then stores
this information in your own proprietary database. As data
is entered on each invoice (manually or through Trade
Banker's® unique electronic, automated data upload
feature), Trade Banker®
will automatically verify that the invoice matches ALL the
terms and conditions of the policy. If not, Trade
Banker® goes the extra step and tells you WHY NOT.
Finally, when payments are received and entered into the system,
Trade Banker® will automatically
pay off invoices and increase the availability of the buyer's
credit limit. No more guessing if you are covered on new shipments.
Best of all, for both of these functions - invoice and payment
input, Trade Banker®
ALLOWS FOR AUTOMATED DATA ENTRY, which dramatically lowers
the costs of managing insurance and trade finance lending.
For the automated data upload feature, Trade
Banker® uses the convenient and universal delimited
ASCII format. This format will mitigate against data entry
errors from the very beginning and utilizes a user-friendly
format. No high-tech operating issues are required of your
IT people.
How does Trade Banker® work?
Here is a simple diagram of how this on-line system works:
One of the most important features of the system is the DATA
MANAGEMENT or REPORTS function. All reports are in Microsoft
EXCEL® Workbook format so they are easy to use, easy to
save and easy to incorporate into other reports and databases.
The most convenient part of reporting is the ability to e-mail
your monthly, quarterly or annual premium or past due reports
to the insurance company. Most insurers now accept reports
in this manner. You will no longer question what is covered
and when it was reported!
New and unique reports can be created for your specific needs.
Programmers at Lex-Tek International can create and tailor
these proprietary reports for each user at nominal additional
costs.
Because Trade Banker®
is available as an on-line system, you do not have costly
"Return on Technology Investment" to calculate.
It is a monthly service, just like your telephone bill, only
it pays for itself. License Fees are flexible and can be designed
to meet each individual broker's needs. If you manage the
system for your customers or allow them to manage it themselves,
the fees you charge can more than offset the License Fees.
BUT HOW DOES THIS HELP YOU SOLVE
YOUR BACK OFFICE NEEDS?
Trade Credit Policy Managersm
is the solution. Conveniently written
on the Microsoft Access® platform, Trade Credit Policy Managersm
(as with Trade Banker®)
requires no special hardware or software to install in order
to use the system.
Developed especially for the trade credit
insurance industry Trade Credit Policy Managersm
is a tool to manage all of the functions of keeping up with
various trade credit policyholders, their insurance policies,
reporting and renewal requirement and the status of pending
activities.
Trade Credit Policy Managersm
puts all of your customers' trade credit insurance policies
and pending files all on your desktop computer and at your
fingertips. Inquiries by mail, e-mail or telephone can be
addressed by accessing your Trade Credit Policy Managersm files.
Status reports, proactive reminders of key
deadlines (policy renewals, buyer credit limit expirations,
reporting dates, etc.) are all available by using Trade Credit Policy Managersm.
Currently, Trade Credit Policy Managersm is only available
off-line and must be installed on your desktop. Future versions
will be available on-line and enable your customers to access
their files themselves, which can eliminate many routine telephone
or e-mail requests.
For more information, Contact Us or call
(404) 223-2453 for more information.
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