Invenium Legaltech and Creditsafe import-exportech on risk management
2023 will be remembered as a complex year for international trade: on the one hand, an important development of volumes continues in many product and geographical areas, on the other, we are unfortunately witnessing a deterioration of the international scenario, as a result of very serious conflict situations, with inevitable effects on import-export.
Italian exports, which have always been focused on quality and innovation, continue to benefit from growing interest from international markets; however, along with great opportunities come new challenges, including risk management. In this article, we will examine how import-export solutions are helping to support and enhance Made in Italy, with a particular focus on Invenium Legaltech and Creditsafe.
Import-exportech and innovation in international trade
Import-Exportech is the new project – born in MIND, Milano Innovation District – launched by Invenium Legaltech and dedicated to the digital transformation of international trade: a strategic area, which applies the most advanced digital technologies to the import-export theme, and intends to revolutionize the way Italian companies will manage international trade operations.
The adoption of cutting-edge technologies such as Artificial Intelligence (AI), Machine Learning and blockchain will enable exporters to improve operational efficiency, reduce costs and mitigate risks associated with international operations. The development of a specific risk management culture (traditionally a central theme, for those who work specifically in the banking or finance area) will be fundamental.
In fact, risk management has become a priority, as economic and political instability can be significant obstacles and create major imbalances for those operating in a global environment.
Invenium Legaltech: Legal Tech credit management for exporters
Invenium Legaltech is the first Legal Tech company to be focused on the issue of international credit management and export protection: it has the specific objective of offering innovative solutions for the management of legal and commercial risk, making this highly specialized service accessible to all SMEs in time.
The platform – presented in 2021 in the Bank of Italy’s first “Call for proposals” (“Milan HUB” project) – has developed a completely new approach to the issue of credit management, enhancing the machine learning and API tools that today’s technology has developed to allow exporting companies to receive – in a very short time – strategic indications based on absolutely up-to-date data and information, and on the expertise of a “historic” player in the international credit management sector.
Creditsafe: assessment of financial creditworthiness
Creditsafe’s platform allows businesses to assess the financial strength of potential customers and suppliers, thus helping to significantly mitigate the risk of financial default by providing up-to-date information on companies, their credit rating, their financial history and more.
This information then allows exporting companies to make informed decisions about the selection of trading partners and avoid risky transactions.
Together, to promote import-export and a new culture of risk management
Import-export will revolutionize international trade, allowing companies to access new markets and expand their presence globally in a conscious and prepared way.
Risk management has become crucial in this context, and innovative solutions such as those offered by Invenium Legaltech and Creditsafe are playing a key role in supporting businesses in mitigating legal, commercial and financial risks.
Made in Italy continues to thrive thanks to this combination of manufacturing excellence and the adoption of advanced technologies. Thanks to the support of these innovative solutions, Italian companies will be able to continue to compete effectively in global markets, maintaining their reputation for high quality and high reliability.
