Ymens launches the Ymens Credit Report solution in partnership with Creditreform

Ymens, the first cloud broker of Romania, announces the launch of Ymens Credit Report, a solution offering the companies of Romania a full visibility of the financial creditworthiness and solvency of current and potential business partners based on the solid expertise of Creditreform, one of the most important suppliers of financial reports and information locally.

The Ymens Credit Report solution targets a market segment in expansion in these past years, in the still unstable economic context. Thus, more and more companies of Romania integrate the financial creditworthiness and solvency reports in the decision-making process, to ensure an optimum cooperation with the business partners and to avoid payment incidents as a result of insolvency or situations of payment incapacity. Romania continues to record a high volume of insolvencies, with more than two companies closing down for each newly incorporated company, according to the data published by the National Office of the Register of Commerce. Furthermore, although the payment behaviour of companies got improved in 2015, in the context of a decrease by 24% of the number of payment incidents, the average value of such an incident reached a new peak of 113,000 lei, according to the data sent for publicity by Romania’s National Bank BNR (Payment Incidents Central).

“Business partnerships are essential for the sustainable development of economy. In this context, the correct assessment of partners and the establishment of a long-term solid and trusting relation represents one of the main priorities of companies. Through the Ymens Credit Report, solution we aim at offering our customers an overall image over the organisations with which they cooperate, for a higher level of business predictability and real-time financial information meant to speed up the decision making process and to enhance the efficiency of operations. Moreover, the cooperation with Creditreform contributes to the consolidation of Ymens strategy of offering an extended portfolio of business solutions in customised cloud to answer the needs of the Enterprise and SMEs segments”, declared Alina Georgescu, Sales Manager within Ymens.

The Ymens Credit Report solution offers the Ymens customers access to the most comprehensive databases of financial information including over 700,000 companies of Romania. Thus, the companies may request detailed analyses performed by financial specialists with ample experience and expertise, having the opportunity to assess the creditworthiness and payment behaviour of business partners based on more than 60 economic indices, such as the company’s length of presence on the market, domain of activity, size of the company and dynamics of financial results, liquidity or liability of shareholders to the company.

“In the digitising era, the partnership of a strongly traditionalist company such as Creditreform, with a visionary company with proven experience such as Ymens, leads to a unique synergy, by which a consecrated solution of financial evaluation is put at the disposal of Romanian companies in a simple and accessible manner. The business solution provides relevant and updated real time information, supporting managers in their efforts to enhance the efficiency of the risk control process associated to partners and to optimise their business.”, stated Alexandra Miu, Managing Partner Creditreform Romania.

Ymens Credit Report may be integrated with the other solutions existing on the company platform, such as Ymens CRM, offering the platform users essential information about customers and partners, in view of establishing the strategic decisions.

About Ymens

 YMENS is the first cloud broker of Romania offering cloudsourcing solutions. They allow companies to outsource their entire IT structure to the cloud and to benefit at the same time from a full set of solutions of support consulting, management and maintenance, beside associated services such as IT infrastructure, Managed IT and security. The Ymens cloud technology platform was developed as a result of a one-million Euro investment. Ymens provides compatible and inter-connected customised solutions, which contribute to the increase of the Romanian businesses’ efficiency.

 For additional information, please access www.ymens.ro.

About Creditreform

 Creditreform, a German-origin company with over 150 years of experience on the European market, is the first risk management company incorporated in Romania as back as 1991. With a direct presence in 24 countries, Creditreform offers the customers worldwide commercial risk prevention and management solutions through the credit reports and book debts collecting services. With a modern database, the company Creditreform succeeded in storing the most important information about the payment behaviour of all active companies of Romania since establishment up to the present, offering, with the help of financial analysts with experience within the company, updated creditworthiness reports.

For additional details, please visit: http://www.creditreform.ro/

Contact person: Alexandra Sava/ Marketing Specialist/ alexandra.sava@creditreform.ro / +40744876 697.