Welcome!

Blog Feed Post

Aegis Group Fine-Tunes Trade Credit Management Following International Roll-Out Of Tinubu Square

Centralised control lowers exposure to risk within 80 operating companies in the group

7 February , 2014 - London, UK - Tinubu Square, a leading source of credit risk solutions for trade credit insurers and businesses, has today announced that Tinubu RMC SaaS (Risk Management Center) has provided a platform for the centralised control of trade credit risks for Dentsu Aegis Network, the world's leading media and digital communications group. 80 operating companies within the Dentsu Aegis Network, located in just under 50 different countries have been able to fine-tune their credit insurance policies and control their trade credit exposure more effectively following the extensive software roll-out.

Dentsu Aegis Network, which is made up of the global brand businesses of Carat, Dentsu, Isobar, iProspect, Posterscope and Vizeum deployed Tinubu RMC to provide it with extensive management data relating to its trade credit arrangements with customers, aggregate its exposure to trade credit risk by region, country, company and division and make strategic decisions based on the daily credit intelligence and operational reporting delivered by the system.

As a cloud-based, SaaS solution, Tinubu RMC can be implemented without impacting on existing in-house IT systems. This has enabled Dentsu Aegis Network to carry out its deployment in multiple countries, supported by a system that is available in six different languages and provides financial data and calculations in 49 currencies.

John Coyle, Dentsu Aegis Network's Global Credit Manager said: "We wanted a single view of management data across all the operating companies in the group and across many different territories. Tinubu RMC has delivered this as a SaaS platform, giving us an invaluable tool that can be accessed from any location, in real-time, providing a key advantage in terms of controlling and managing our trade credit, lowering our exposure to risk and enabling us to refine our credit insurance policies worldwide."

Integration of Tinubu RMC was carried out in phases, with different countries coming online at different stages over the last 18 months. As the Group has acquired new companies, the scalability of Tinubu RMC has proven invaluable, enabling Dentsu Aegis Network to expand its usage as and where it is needed.

Dentsu Aegis Network is making use of the latest release of the Tinubu Risk Management Center which was designed specifically for business-to-business organisations. This 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 receivables and payments from existing and potential customers at local and/or international levels.

Mike Feldwick, Head of UK & Ireland at Tinubu Square, said: "We managed this project in a close partnership, and whilst it was a major undertaking for both ourselves and Dentsu Aegis Network, it has been a great example of how a SaaS platform like Tinubu RMC can be implemented to consolidate trade credit management decisions and deliver impactful results in a short time-span. Almost 100 people within the Dentsu Aegis Network are now utilising the platform on a regular basis to make decisions that will benefit the Group on a short and long-term basis, and it continues to evolve as the organisation's requirements change."

About Tinubu Square
Tinubu Square's mission is to give our clients better control, visibility & management of their trade credit risk. Tinubu Square's Risk Management Center (RMC), a cloud-based SaaS platform is a ledger management & credit insurance policy management tool which can eliminate fragmented credit management systems. This allows our customers to gain a consolidated view of risk per business unit or group wide. As an addition to our software offering, we are able to supply our Credit Risk Intelligence reporting and Risk Analyst advisory services. This gives 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, you can manage your customer credit exposure at local and international levels, improve cash flow, secure the value of receivables as an asset on your balance sheet and strengthen your financial position for short-term bank credit. www.tinubu.com

# # #

Media contacts
UK/International:
Julie Kirby, Ascendant Communications
Mobile: +44 (0) 7956 955625
Email: [email protected]

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

Latest Stories
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-securit...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.