TotalSoft in partnership with ICAP Romania, part of ICAP Group, one of the most important regional groups for business services in South-Eastern Europe, presents the only online network for credit information sharing in Romania, ICAP Trade Exchange. The official launch will take place on the occasion of the 6^th Credit Risk Management Conference, organized by ICAP Romania on May 12, 2015 at Marriott Hotel in Bucharest.

Since the business environment is the subject to rule changes, becoming more and more insecure and less predictable, it is essential to know the credit risks. TotalSoft encourages the innovation in the credit risk management area, integrating Charisma ERP system with ICAP Trade Exchange Program.

 “Developing Charisma towards the risk management area is one of TotalSoft’s old concerns, generated by the reality of the Romanian business environment. Five years ago, together with ICAP Romania, we launched a solution for financial and credit risk assessment covering all the financial and non-financial indicators required for a risk analysis. Through the current online platform, customers can access the payment profile of a company in Romania, can quarterly analyze the client portfolio and choose to work only with the best payers.” Vlad Cristuțiu, Product Management Director, TotalSoft.

Through a special report, the integration of Charisma ERP with the ICAP Trade Exchange Program gives users access to the customers’ complete transactional profile, obtaining data about their market exposure. Thus, companies can better evaluate the possibility of late payment, can create credit policies adapted to the client’s behavior and can select customers with a low risk profile with whom they can start or expand their collaboration.

 “Integrating Charisma with the online network ICAP Trade Exchange, users are not simple information consumers anymore, but providers completing and refreshing the program’s data. The participation in this program is based on the reciprocity principle – as long as partners bring transactional data, they can access information about the companies’ payment behavior in the Trade Exchange database.” Alexandra Predeanu, Country Manager, ICAP România.

The program was presented to Charisma clients on the occasion of TotalSoft Days 2014, followed by its launch within the annual Credit Risk Management Conference organized by ICAP Romania.