Tinubu Square, the most trusted source of credit risk solutions for trade credit insurers, has today announced that the Tinubu RMC SaaS (Risk Management Center) platform has been deployed by Bibby Financial Services (BFS), the UK’s leading independent invoice finance specialist, to manage the limits on trade credit facilities that it is offering to customers.

Tinubu RMC, which is a cloud-based, SaaS solution for B2B credit intelligence and operational reporting, has been integrated to provide support for the non-recourse program that Bibby Financial Services (Bibby) has been developing over the past two years. After growing quickly, the program reached a turnover in excess of £400 million, and became too large to manage through traditional manual processes, prompting the company to look for a specialist solution that could help.

Andrew Dixon, New Product Director at BFS, said: “We wanted a tool that could aggregate the manual processes that had become too cumbersome, and following a recommendation from our sister company in France, we assessed and selected Tinubu RMC SaaS. It is an ‘open’ program, which means that it works easily and seamlessly with our existing systems, and because it is on the cloud, we have enjoyed a very straightforward implementation.”

Integration of the first phase of the project was completed in under a month, and the processing of data is being managed by a team of five core users. However, as Tinubu RMC SaaS becomes more embedded the team is realizing more functionality from both the system and the data. In addition there is some accessibility for credit insurance managers within BFS in the UK. BFS is already planning to develop the Tinubu RMC SaaS into a global programme over the next couple of years.

“In order to maintain our trade credit limits, we rely heavily not only on our own data, but also on data held by our insurers; Tinubu RMC is acting as a bridge to bring all of this together,” said Andrew Dixon. “We are also able to analyse and monitor the payment performance of customers and act on intelligence supplied through RMC’s extensive reporting capabilities, and this is a major advantage to us. Our program has expanded by 25% during this year and with the help of RMC SaaS we have had no need of additional resource. We have been impressed so far, and this is reflected in our plans to roll RMC SaaS out internationally.”

In October, Tinubu Square launched the latest release of the Tinubu Risk Management Center aimed at business-to-business organisations. The new solution delivers a comprehensive view of buyer risk throughout the enterprise and bridges the gap between back-office accounts, ERP and front-line CRM systems to help companies manage trade debts and payments from existing and potential customers at local and/or international levels

Mike Feldwick, Head of UK & Ireland at Tinubu Square, said: “We have a growing roster of customers from leading credit insurers and reinsurers through to private enterprises who are benefiting from the buyer intelligence that our solution provides, minimising credit risk exposure in all aspects of their business. We are delighted that Bibby Financial Services , a company that currently provides cash flow funding for over 4000 UK businesses is using Tinubu RMC to such good effect, and after such a short time. We look forward to working together with Bibby to help it deploy the solution globally.”

About Tinubu Square
Tinubu Square’s mission is to control and minimize trade credit risk. Since it was founded in 2001, Tinubu Square has become the most trusted source of trade credit intelligence for credit insurance leaders. Today, that intelligence is available directly to corporate customers, giving all B2B companies access to the best available intelligence on their company’s credit risk. Tinubu Square’s B2B Credit Risk Intelligence solutions—which include the Tinubu Risk Management Center (RMC) cloud-based SaaS platform, Tinubu Credit Intelligence service with real-time credit risk intelligence reporting and Tinubu Risk Analyst advisory service— give companies the true picture of their customers’ financial health across their enterprise, from sales and marketing through the entire order-to-cash cycle. As a result, they can control their customer credit exposure at local and international levels, improve cash flow, secure the value of receivables as an asset on their balance sheets and strengthen their financial position for short-term bank credit. More than 250 B2B companies rely on Tinubu Square to protect their greatest assets: customer receivables. Based in Paris, Tinubu Square has offices in London, Brussels, Singapore and Mumbai.

www.tinubu.com