Coface launches Alyx, a new all-in-one credit management platform

Coface announces the launch of a new digital trade credit risk management platform for its policyholders. Named Alyx, it allows Coface's customers to automate and centralize their credit risk management from lead to cash.

The platform was built and is proposed in partnership with CreditDevice, a Dutch software company specialized in commercial credit risk management. CreditDevice has over 20 years of experience. Some of Coface's customers are already using solutions developed by CreditDevice.

At first, Alyx will be proposed primarily to mid-market clients in France, Germany, Denmark, and in Norway. This platform, designed as an assistant for credit managers, provides a clear overview of risks, sends notifications on outstanding amounts to be monitored and on upcoming due dates. It also allows to perform daily tasks such as managing credit limits and overdue payments. Alyx uploads the accounting data of the clients and integrates Coface APIs.

"Our corporate clients are looking for digital solutions that allow them to save time and better control their risks while being easy to implement and easy to use. The launch of Alyx, which was designed to assist the credit manager in his daily work, precisely responds to this need," explains Brice Tariel, Innovation Director for the Coface Group.

"Alyx is a good illustration of our willingness to integrate our services directly into our clients' environment and thus differentiate ourselves with easy-to-use services. We have chosen to develop Alyx in partnership with CreditDevice, a recognized player in the credit management software market with whom we have been working for many years in the Netherlands,"said Thibault Surer, Director of Strategy and Development for the Coface Group.

"We are pleased to collaborate with Coface, a leader in the credit insurance industry, to set the new digital standard within our industry,”adds Robbert Geluk, Managing Director at CreditDevice.