An often-overlooked area of credit is the on-going management of risk. According to Dun & Bradstreet, 80% of bad debt comes from customers that you have been trading with for over a year. As such, effort must be made to mitigate this impact. Credisense allows for the monitoring and on-going assessment of risk by integrating with your preferred third-party data providers to asses and grade your portfolio.
Aged trial balance information can be either integrated through APIs to automatically populate Credisense, or these can be uploaded into the system, allowing Credisense to become your single source of truth for all your credit accounts.
COLLECT WHAT YOU’RE OWED
For all business, particularly SMEs, cash flow is king. Data from Xero shows us that over 60% of invoices are paid late and that over 10% of SMEs time is spent chasing overdue invoices. Credisense allows you to automate communications with your clients with text and email reminders. Direct payment through Credisense can be made through our Stripe payment gateway meaning faster, easier ways for your customers to pay.