GemCap, a Texas-based provider of revolving credit facilities, term loans and factoring facilities for small and medium-sized businesses across the U.S. and Canada, chose FGI Worldwide’s T.R.U.S.T. platform as a risk mitigation solution for client credit insurance policies.
T.R.U.S.T. is a cloud-based platform that combines technology with functionality to enable corporations, brokers and lenders to maximize and automate the administration of credit insurance policies. The platform serves as a checkpoint for GemCap, ensuring clients maintain compliance within its policies, allowing for improved borrowing bases, security and payment of claims.
“The efficiencies created upon implementing the T.R.U.S.T. platform were apparent immediately,” Annie O’Connor, head of portfolio at GemCap, said. “Not only does it save time and resources for our team, but the benefits of T.R.U.S.T. carry over to our clients, who are able to access the platform to monitor policies on their own. The automation of compliance monitoring, easily identifying any policy issues that arise, allows us to focus our energy on our mission: providing clients with great financing solutions and awesome customer service.”
“GemCap is known throughout the industry for its innovative and solution-based approach to lending,” Sami Altaher, president of FGI, said. “T.R.U.S.T. is the perfect tool to support innovations and safe growth for both GemCap and its clients, and we are thrilled to be a trusted partner.”
