Aronova


Aronova is a UK based company formed in 2003, specialising in the origination, development and delivery of internet based trade credit risk and trade finance products.

Global Limits Manager


Global credit limit management using a company’s own customer trading experiences, with the optional inclusion of D&B risk information and real-time links into AIG for operation of a trade credit insurance facility.

Global Finance Manager


Dedicated trade receivables finance platform, managing debtor validation, calculating invoice eligibility, monitoring deal triggers and providing sellers with real-time program visibility.

The Funding Point


Providing banks, funders and program managers with a dedicated back-office processing facility to manage the purchase of eligible receivables and provide operational reporting to compartment investors.


SAP Enable


Helping companies automate the extraction, interpretation and transfer of accounts receivable and accounts payable data. With minimal IT dependency and no SAP development requirement, SAP Enable usually reduces implementation times from months to a matter of days.

OUR BUSINESS

Aronova helps clients quantify, understand and manage trade credit risk and we use credit agency data, financial information and / or a company's own customer and supplier trading intelligence to make informed finance, insurance or risk decisions. We are acknowledged experts in the field of trading risk decisioning and our invoice tracking and eligibility products are amongst the most sophisticated in the trade credit insurance and trade finance worlds today.

Many of our products incorporate Dun & Bradstreet information and through D&B we work with some of the largest companies in the world, delivering products and services on a 24 x 7 basis to literally thousands of different businesses throughout Europe, North America and the Far East.

We enjoy a close relationship with the global insurer AIG, and together we promote trade credit risk and trade finance products to large multi-national businesses across the globe.

OUR 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 leading edge 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.

We take our responsibilities of data protection and data security seriously and we have invested both time and money in ensuring we meet UK Data Protection, Consumer Credit and accepted data security requirements. We are registered as a Data Controller under the Data Protection Act and we are ISO 27001 : 2013 certified.

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.

Global Limits Manager

Global Limits Manager automates the management of global customer credit limits using live customer payment experiences, optionally supplemented with D&B credit risk data, and insurer credit limit recommendations. Designed specifically for those companies wanting to take more account of their own customer trading experiences when making credit risk decisions, Global Limits Manager focuses on monitoring payment performance and alerting when customer circumstances change.

  • Automated daily collation and centralised processing of accounts receivable and accounts payable data from multiple locations & different accounting systems.
  • Customer validation through the linking of debtor records to D&B legal entities and corporate family trees.
  • Establishment and monitoring of customer credit limits using live trading experience
  • Optional links to Dun & Bradstreet for improved credit limit decisioning based on a combination of trading experience and D&B risk data.
  • Seamless integration with an AIG Excess of Loss trade credit insurance policy.
  • Automated overdue reporting for improved credit insurance compliance.
  • Treasury forecasting and bad debt reserving.
  • Customisable review queue helps credit management workflow and maintenance of user authority levels help credit policy compliance.
  • Online receivables analysis tools, with granular access to 18 months of historic transactions from day one.

For more information about Global Limits Manager or any other Aronova products, please contact Andrew Baynes on 07958 770510 or at andrew dot baynes at aronova dot com.

GLM Factsheet

Global Finance Manager

Global Finance Manager helps companies operate and monitor a trade receivables finance program by consistently applying approved eligibility criteria, monitoring program triggers and providing granular deal visibility. Optional monthly servicer reporting provides valuable receivables insight, ensures program compliance with a trade credit insurance policy and reduces servicer administration.

  • Centralised, daily processing of a company's trade receivables, harvested from many locations or accounting packages.
  • Debtor validation through the linking of debtor records to D&B legal entities and corporate family trees.
  • Creation, management and consistent application of funder and / or insurer receivables eligibility criteria.
  • Daily, weekly, fortnightly or monthly receivables eligibility reporting and trigger analysis.
  • Eligibility scenario testing to help advisors and funders efficiently structure a trade finance deal.
  • Seamless integration with an AIG Excess of Loss trade credit insurance policy.
  • Online receivables analysis tools, with granular access to 18 months of historic transactions from day one.
  • Optional Servicer Reporting provides valuable receivables analysis, ensures program compliance and reduces servicer administration.

For more information about Global Finance Manager or any other Aronova products, please contact Andrew Baynes on 07958 770510 or at andrew dot baynes at aronova dot com.

GFM Factsheet

The Funding Point

The Funding Point provides banks, funders and program managers with a dedicated back-office processing facility to manage the purchase of eligible receivables and provide operational reporting to compartment investors. Featuring in-line fraud screening and user configurable workflows, The Funding Point supports the purchase of obligor and supplier invoices and powers accounts receivable and supply chain finance programs.

  • Supports the purchase of invoices within a receivables finance or supply chain finance environment. Compatible with ABL and Securitisation program structures and with on or off balance sheet funding.
  • Management of auto / manual invoice purchase rules, providing invoice purchasers with a highly flexible funding environment where automation levels can be established on a seller-by-seller basis.
  • Features in-line fraud screening based on seller specific trading activity analysis and optionally including third party fraud intelligence alerts.
  • Configurable review queues combine with user specific authority levels and audited users access rights to generate dedicated daily work flows.
  • Daily, weekly and monthly activity reporting to sellers, funders and investors. Risk analysis, reporting, monitoring and alerting.

For more information about The Funding Point or any other Aronova products, please contact Andrew Baynes on 07958 770510 or at andrew dot baynes at aronova dot com.

Funding Point Factsheet

SAP ENABLE

Providing detailed accounts receivable or accounts payable data can be a major issue for companies and many struggle to find IT budgets or to allocate the appropriate finance and software development resources required to run what could be an elongated IT project. SAP Enable helps companies automate the extraction, interpretation and transfer of accounts receivable and accounts payable data. With minimal IT dependency and no SAP development requirement, SAP Enable usually reduces implementation times from months to a matter of days.

  • SAP Enable is a purpose built SAP ERP (R/3) data exporter, designed specifically to automate the extraction, collation, interpretation and transfer of your accounts receivable and accounts payable data.
  • Compatible with most versions and levels of SAP ERP, SAP Enable can be scheduled by SAP administrators to run as required.
  • It provides a turnkey data solution that can be deployed quickly, safely and doesn’t require specialist SAP development resources to implement.
  • SAP Enable was built with particular emphasis on deployment in the trade credit and trade finance arenas.
  • It uses native SAP code to create a self-contained package that looks and feels like any other SAP program and can easily be installed and configured by a company’s existing SAP administrative staff.
  • SAP Enable is a non-invasive, read-only product that simply extracts data from standard SAP data tables.
  • Using ISO 27001:2013 Information Security compliance as our standard, SAP Enable can be installed and operated in the confidence that it meets todays exacting data security requirements.
  • SAP Enable can be linked with The Trade Receivables review to provide an in-depth, automated analysis of current and historic receivables data, or to comply with insurer and funder seller servicer reporting requirements.
  • SAP Enable does not update any SAP data.

For more information about SAP Enable or any other Aronova products, please contact Andrew Baynes on 07958 770510 or at andrew dot baynes at aronova dot com.

SAP Enable Factsheet

Management Team

Our business is as much about people and relationships, as it is about technology and data. Here are just a few of the human faces behind the products and services we provide.

    Aronova Background

Aronova was formed by David and Annette in 2003 as a result of Amlin plc outsourcing its internet product development team. Through Aronova we continued to work with Amlin, in particular looking after the Creditinsure.com product which we'd developed in 1997. In parallel we started work on new credit risk related opportunities and when Mike joined us in 2004 we were really able to focus on future product innovation.

2005 saw the launch of Portfolio Manager, our trade credit risk management tool that we took to market 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 continue to develop, deliver and support the product today.

    David Baker - Managing Director

David has spent his entire business life working with business information and developing information based products and solutions. From the mid '80's to early 90's, David worked in both mainland Europe and in the UK for The Infocheck Group, before joining AMA (Hilton Malcolm Underwriting) to develop one of the first transactional online trade credit insurance solutions. In 1997, David moved into the Lloyd's underwriting market and became one of the founding Directors of Harvey Bowring Credit (Amlin Credit) where he was responsible for the development and ongoing delivery of Creditinsure.com – one of the most advanced trade credit insurance products of its time.

David is married with two children. He adores red wine and really enjoys rugby, both at youth and senior level. He supports Newcastle United and plays a mean round of golf. He speaks pretty good French and would one day love to live in the USA.

    Annette McGinley - Projects Director

Annette has spent many years working in software development, predominately in the media and insurance industries. While working for Saatchi & Saatchi’s media subsidiary in the mid 90’s, Annette was primarily responsible for the design and development of the first UK direct response analysis optimisation system.

Annette was one of the founding members of Amlin Credit, a Lloyd's based trade credit insurance provider and was heavily involved in the development of their online trade credit system - Creditinsure.com. During her stay at Amlin, Annette was also involved in the development of a number of marine insurance systems and participated extensively in the development of the marine hull insurance product Marinsure, the B2C craft insurance product Boatinsure and the marine war insurance product Marinsure War.

Although Annette has been known to visit the golf driving range, she breaks the Aronova trend by not playing golf. Annette considers shoe shopping in a foreign country the ultimate getaway.

    Mike Parsons - Technical Director

Mike’s business life has been spent in software development, working in a number of diverse areas from flight simulation to insurance. Prior to working for Aronova, Mike headed the software development arm of an IT consultancy in the City of London specialising in the financial and insurance markets. During this period he worked on the design and implementation of a number of transactional insurance and business related web solutions.

Mike is married, a keen golfer and he tries to play as often as possible. He's an avid sports fan following football, rugby union and golf. He loves to travel and has visited many far flung parts of the world.

    Andrew Baynes - Sales & Marketing Director

Andrew has over 15 years experience in strategic business development. The majority of that time has been spent finding software solutions that support client decisions relating to credit risk, investment portfolios, insurance and receivables finance.

Previously Andrew worked for Bureau Van Dijk UK where he was responsible for managing direct sales teams servicing financial institutions. Since then his roles have been international in focus, where he has developed resell partnerships, launched new products and developed marketing campaigns across North America, The Middle East and Asia.

Andrew's recreational time is split between his young family and trying improve his golf handicap (currently 8).

Contact Us

Our offices are situated in Fetcham Park House, just on the outskirts of Leatherhead, Surrey. The building itself was built around 1700 and is an historic, grade II listed Queen Anne mansion, set in private grounds originally landscaped by 'Capability' Brown over 300 years ago.

    Contact Us

Aronova Interactive Limited
Fetcham Park House
Lower Road
Fetcham
Leatherhead
Surrey
KT22 9HD

Map Link

T : 01372 371 080
F : 01372 371 001
E : info at aronova dot com

Getting to our offices is easy. We are only two miles from junction nine of the M25 motorway and Heathrow and Gatwick airports are easily accessible within 25 minutes. There are frequent rail services to London Waterloo (35 minutes) and London Victoria (40 minutes).

Directions