Aronova is a technical and operational solutions provider to the global receivables finance and trade credit insurance markets.
We provide large corporates, banks, trade credit insurers and funding program managers with fully integrated, end-to-end, solutions covering:
The collection, profiling & analysis of a company's accounts receivables data.
Our Business Philosophy
As a company we set ourselves high standards, both in terms of the quality of service we provide our clients and by the way we conduct ourselves in the business environment.
Whilst our business often works at the forefront of technological and process change, old fashioned values such as integrity, trust, fairness and honesty are key cornerstones to the way we interact with people and with the other organisations we meet during the course of our business activities.
We treat each business relationship with equal care and we respect the moral and written commitments we enter into. We run our business lawfully and ethically and we pride ourselves on paying our suppliers promptly.
Our energies are channeled into building a sustainable long-term business model, with partners we trust and with whom we share common goals and standards.
"These core values define Aronova as a company and us as people."
Although we're only a small company, as individuals many of us come from plc backgrounds. We're used to big company protocols and we share similar needs and requirements when it comes to establishing processes and adhering to standards. We understand and respect the importance of protecting corporate image, maintaining information confidentiality and avoiding circumstances that could impact reputation risk.
Most of our corporate relationships are with global entities and we're used to dealing with the security, compliance, accounting and inertia challenges that go hand-in-hand when partnering with large organisations.
Every day ..... Aronova delivers products and services
Aronova was born out of the Amlin plc internet product development team.
Through our early years we continued to work closely with Amlin, but increasingly we started looking at new product innovation, particularly in the trade credit risk space where we could leverage our knowledge of company information and of credit risk modelling.
Mike Parsons joined us in 2004 from Core Technology to focus on new products and the development of Portfolio Manager. We had worked with Mike since 1996 and he brought significant insurance and finance focussed product development experience to Aronova.
2005 saw the launch of Portfolio Manager, an Internet based trade credit risk management product that we took to market in partnership with Dun & Bradstreet. Portfolio Manager was (and still is) a huge commercial success and whilst we sold the product rights to D&B in 2010, we still continue to develop, deliver and support the product today.
In 2009 we launched Global Limits Manager - a revolutionary product that calculates credit limits and risk scores based on a daily automated feed of accounts receivables data directly from company accounting systems. At around the same time we started forging strong links with AIG, who recognised the potential of using Global Limits Manager to calculate credit limits below a credit insurance policy discretionary limit. Today we jointly commercialise the GLM product to large corporates across the world.
To support our receivables finance activities, we launched Global Finance Manager in 2013 and developed SAP Enable and The Funding Point through 2014 and 2015. With these new products we can now provide end-to-end technical solutions to large corporates, banks, capital markets investors and insurers for the management of global receivables finance programmes.
As we write increasing volumes of receivables finance business, the scope of our involvement in these programmes has evolved from simply being a technology partner, to also providing layers of data analytics and operational management. Through the Funding Point in particular, we are now delivering ancillary services to assist Backup Servicing, Cash Management & SPV Trustee support.
Today our technology securely processes literally millions of invoices on a daily basis. Our products underpin countless hundreds of millions of pounds of trade credit insurance cover and our solutions support the funding of trade with hundreds of thousands of global obligor counter-parties.
Our products and services help funders and insurers deliver trade credit insurance and receivables finance programmes to large corporates around the world.
We provide data solutions, fraud screening, funding programme delivery products and day-to-day operational programme support.
Global Finance Manager collects accounts receivables data from a corporate, calculates invoice eligibility, monitors programme triggers & provides the corporate with visibility over a receivables finance facility.
Global Finance Manager is a purpose built receivables finance platform, used by clients - the sellers of trade receivables, to operate and manage a receivables finance programme.
Global Finance Manager is used by large corporates to operate a securitisation or borrowing-base style receivables finance programme. It is designed to gather receivables data from a company's accounting system, calculate receivables eligibility, monitor programme triggers and provide granular visibility of the funding program.
However Global Finance Manager is just one part of a suite of Aronova products that help large corporates implement, operate and manage a receivables finance programme.
Once implemented, Global Finance Manager enables access to a prospective company's accounts receivable data, allows production of the Trade Receivables Report and provides insurers and funders with much of the data visibility they need to effectively structure a receivables finance programme.
"The Trade Receivables Report is an essential part of pre-funding due diligence, providing insurers and funders with an in-depth analysis of a company's receivables performance."
