AXESOR starts operations in Portugal
The Spanish company AXESOR, a specialist in comprehensive solutions for Credit Risk Management, has started operations in Portugal and is now offering the Portuguese market its sadvanced business solution, which includes specialized consulting services and the axesor technology platform® 360.
(Oeiras - September 12, 2017) - The Spanish AXESOR specialized in providing advanced solutions for the comprehensive management of commercial credit risk and Rating Agency starts operations in the domestic market. This operation is part of its internationalization plan, in which it has invested more than 20 million euros globally. It has also started operations in Ireland and some South American countries (Chile, Colombia and Peru), these being the first countries included in an ambitious international expansion plan.
In Portugal, it has a planned structure of around 15 people dedicated to commercial and consultancy operations and a value proposition for commercial credit risk management, which includes specialized consultancy services for risk modelling, including the definition of predictive risk indicators and payment behaviour. At the same time, it already has an advanced technological platform available that can be integrated with any ERP (Enterprise Resource Planning). axesor® 360. Through this system, companies can monitor their customer portfolios in real time and, using personalized risk indicators, ensure that the policy defined for all phases of the credit cycle is applied. At the end of the entire consulting and implementation process, they will achieve a reduction in risk and greater liquidity, as well as minimizing financial and operating costs through the efficiency and automation of processes.
"We want to help Portuguese companies increase their sales with great control over credit risk, in the most efficient way and in accordance with a credit policy and risk model designed specifically for their activity, naturally translating into a positive impact on their profit and loss account.”, justifies Pedro Curto, AXESOR's General Manager for Portugal. "Portugal is today a country geared towards innovation and AXESOR has reached a very advanced level in the professionalization of credit risk management, as a result of strong investment in technology and science. Portuguese companies will now be able to benefit, among other things, from a repository of high quality and dynamic payment behavior information - all the more important in a context of strong trade relations at Iberian level where more than 25% of Portuguese exports are destined for Spain - and which allows the use of computing techniques (Machine Learning) in the construction of predictive risk models, representing a huge qualitative leap in comparison with more traditional statistically based models.” he said.
About AXESOR www.axesor.pt
Founded in Spain in 1996, AXESOR provides comprehensive credit risk management systems for more than 2,000 clients and helps manage credit risk for more than 18,000 clients, adding value to organizations of different sizes and from a wide range of sectors. It has been registered since 2012 as a Credit Rating Agency under European regulations supervised by the European Securities and Markets Authority (ESMA). It currently has around 300 employees, a specialist team made up of highly qualified professionals in the financial, statistical and analytical areas, prepared to provide specialized consultancy services and the implementation of a customizable and highly innovative technological solution.