June 25, 2024

The answer to the £61 billion late cost downside has launched

Know-it, a Glasgow-based fintech start-up, has formally launched their cloud-based credit score administration platform. Based by Lynne Darcey Quigley, the brand new platform provides companies the instruments and intelligence to automate and simplify the way in which they handle credit score danger and the credit score management course of, serving to save time, cut back late funds and permit them to concentrate on different features of their enterprise.

The platform is one more instance of the continuing innovation within the Scottish know-how business, illustrating the continued resilience the sector has proven throughout current economically risky years.

As a part of their industrial launch, they are going to be exhibiting on the offered out Xerocon, at Tobacco Dock, London, on twentieth and twenty first July in partnership with main accountancy app Xero.

The platform, which is the primary of its variety, permits companies to credit score test and monitor, chase for cost, accumulate overdue unpaid invoices, and extra, all from one place. By partnering with among the UK’s main accountancy software program and credit score reference companies – corresponding to Xero, QuickBooks, Sage, FreeAgent, and Graydon – customers can immediately credit score test corporations, get stay knowledge, and real-time updates to observe buyer’s credit score behaviour and mitigate potential credit score dangers.

The platform additionally provides finance groups and enterprise homeowners a easy option to test their prospects’ credit score worthiness. It additionally ensures prospects pay on time via scheduled reminders and customisable chaser emails, letters, and SMS, serving to cut back debtor days and rising money move. Customers also can get prompt quotes to gather unpaid invoices shortly and effectively via their industrial debt restoration accomplice, Darcey Quigley & Co, in addition to obtain 24/7 case updates.

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Lynne Darcey Quigley, CEO, and founding father of Know-it, explains: “Know-it is a contemporary perspective on a standard course of – whereas the credit score management course of hasn’t modified over time, our new distinctive platform brings collectively all credit score management features into one place. By eradicating the necessity to entry and subscribe to a number of totally different platforms, our cloud-based platform streamlines the credit score management course of so you may credit score test and monitor, chase for cost, accumulate overdue unpaid invoices, and extra all from one straightforward to make use of platform, levelling the taking part in area for SMEs. That is set to remodel the way in which companies view the credit score management course of, as it should instantly assist them save time and prices by offering real-time knowledge, all from the comfort of 1 place.

“With the present monetary local weather mounting large strain onto the economic system, companies throughout the nation want all the assistance they’ll entry. This can be a essential time for know-how to step in and supply a serving to hand via an reasonably priced and progressive credit score administration platform. With the launch of Know-it’s platform, companies of all sizes at the moment are capable of Verify-it, Chase-it, and Accumulate-it, all in real-time and with out the headache of handbook processing.”