The financial world has for decades relied on the traditional 5 C’s of Credit to evaluate the creditworthiness of potential borrowers. This framework has indeed served its purpose, forming the basis for countless loan approvals and denials, shaping the financial futures of individuals and businesses alike. As we venture into an era characterised by a… Continue reading Credit Assessment Has Been Same – Same For decades – It’s Time For Connectivity!
1Centre customers can now leverage Data Zoo’s global identity verification solutions to deliver exceptional trade-customer onboarding experiences. Leading global identity solution provider Data Zoo and trade credit customer onboarding platform 1Centre have announced a partnership that will combine 1Centre’s innovative cloud-based automation technology with Data Zoo’s cutting-edge global identity verification solutions. The partnership aims to… Continue reading Data Zoo Announces Partnership With Trade-Credit Platform 1Centre
The success of any team or organisation depends on its culture and collective beliefs. The same is true for the economy. To create a thriving, prosperous economy, we need to work together and support one another, particularly small businesses. Supporting small businesses is not just good for the individual business owner or their customers; it’s… Continue reading Improving the Economy is a Team Sport: Why Supporting Small Businesses is a Prosocial Movement
For businesses that hire equipment out to small business owners, extending trade credit can be an effective way to increase sales and build customer loyalty. However, it also comes with inherent risks that must be managed to ensure safe revenues. The risks of giving trade credit include late payments, defaults, and even fraud. The good… Continue reading Managing Risks in Hiring Equipment While Giving Trade Credit to Small Business Owners
We’re offering you a free business plan that outlines your proposal to adopt a Trade-Credit Customer Onboarding Platform. By using this template, you will save time in writing your own business plan and have a great starting point for internal conversations, initial needs and requirement gathering, and stakeholder engagement. Enjoy! BUSINESS PLAN Executive Summary Our… Continue reading Business Case: Adopting a Trade-Credit Customer Onboarding Platform
Your customer’s decisions – what products to buy, services to use or providers to engage with – are heavily influenced by the ratio of pleasure versus pain in their user experience.As technology advances, companies have increasingly turned to multichannel strategies to reach potential customers, who can also be credit borrowers. But, in trying to reach… Continue reading The age of ‘Digital Self-Serve’ enables trade credit sales channels
The Personal Property Securities Register, most commonly known as the PPSR, is an official government register. If you’re a 1Centre customer and you trade across NZ & AU requiring PPSRs across both countries, this can be very easily set up, managed and maintained on your 1Centre account. Including an aggregated view of all PPSRs across your business in both countries!
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
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
Part 3 of 3-part series. 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 of digital… Continue reading SaaS automation applied to identity fraud in trade credit
“The early bird catches the worm”. That’s the key principle when it comes to managing your debtors, and especially now. Being the Early Bird in trade credit is about being proactive, engaging customers quickly, understanding their positions and risks, offering options. It also means making difficult decisions, balancing recovery against customer relationships. At 1Centre, we’d like… Continue reading Trade credit & COVID-19: The early bird catches the worm
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