Five big benefits for automating your trade-credit processes.

Imagine every step of your credit management process.

Draw a visual representation in your head. Include all stakeholders involved, all staff, all customers. Now imagine that all being 90% faster, easier and more compliant – congratulations, you have imagined automation!

Say ‘yeah’ to using technology for trade-credit compliance

As a Credit Manager, trade-credit compliance is a key part of your role. You must ensure that your team and processes comply with all relevant laws and regulations. This can be a lot of work, but it’s essential to protecting your business. While compliance is a critical part of any credit management function, keeping up… Continue reading Say ‘yeah’ to using technology for trade-credit compliance

5 factors to look for in your trade-credit software

We’ve had hundreds if not thousands of conversations with Credit Managers and when it comes to trade-credit software, it seems there’s a focus on the same basic things: Online application forms, credit checks, trade reference checks, yadda yadda. This is a ‘table stakes’ conversation – the basics that any trade-credit software should offer, given it’s… Continue reading 5 factors to look for in your trade-credit software

How AI and automation is solving Credit Management headaches

Part 1 of 3-part series. Next article > The pace of technology development has a profound impact on most industries and our everyday lives. The world of trade credit management is no exception. From fraud assessment checks to business process automation, building scale through the cloud, to leading the charge on data-led decision making, the power… Continue reading How AI and automation is solving Credit Management headaches

Three Big Conundrums for Today’s Credit Managers

Part 2 of 3-part series. Next article > Problem 1. Onboarding customers faster, with more visibility while simplifying the complex. Streamlining existing customer onboarding processes requires an understanding of the full end to end process, from ‘I want to trade with you, how do I sign up?’ through to ‘My account is open, now what?’. You’re… Continue reading Three Big Conundrums for Today’s Credit Managers

The importance of visibility in your sales pipeline

When we talk about visibility in your sales pipeline, we mean the ability to dive in at any point along the process and see what’s going on. It’s like driving a car at night – you’ve got to put your headlights on, otherwise, you could be heading right toward a cliff and not even realise… Continue reading The importance of visibility in your sales pipeline

Trade Credit: How to get paid what you are owed

As a business, if you’re extending credit to your customers, then you’re operating based on the trust that they’ll pay you in due course. Unfortunately, some companies won’t be able to meet their duties and will default on their payments. The success of your business relies on you eliminating as many of these potential defaulting… Continue reading Trade Credit: How to get paid what you are owed