Markerstudy Insurance has launched TradeRADAR, a tracking system enabling brokers to assess, control and manage both potential and existing debtors.
The new system, of which Markerstudy is expected to acquire a 50% stake, will help brokers avoid bad debt.
Brokers will be able to access information about financial strength of organisations they do business with.
TradeRADAR will also provide information to brokers about a customer's ability to pay debts, with changes automatically brought to their attention by email. The system will allow brokers to assess the likelihood of a company becoming insolvent in the past 12 months.