US-based trade-credit automation solutions provider Apruve has formed an alliance with Allianz Trade to enhance its capabilities.
The tie-up is aimed at increasing Apruve’s underwriting speed and accuracy.
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It will also give customers and banking partners an option to add trade credit insurance policies for receivables running through Apruve’s payment platform.
Apruve CEO and founder Michael Noble said: “Our clients are requesting that we continue to improve the ability to underwrite buyers around the world with increased speed and thoroughness.
“Using Allianz Trade APIs, we can help facilitate immediate credit decisioning for our enterprise clients or global banks that tie into Apruve’s credit network to guarantee next day payment on all open invoices.”
Allianz Trade also offers services in areas such as surety, collections, structured trade credit and political risk.
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By GlobalDataGerman insurance major acquired the trade credit specialist in 2018. In March this year, it was renamed Allianz Trade from Euler Hermes.
Allianz Trade director of digital transformation Francois Burtin said: “Apruve is bringing accounts receivable management to the next level. Efficient A/R departments will choose which customers they want to manage in-house and which they want on a fully automated Trade Credit Automation platform like Apruve.
“As the global leader in trade credit insurance, Allianz Trade is uniquely positioned to add value to their platform and help Apruve’s customers grow their business.”
