For years, monitoring has been a widely used method that helps you detect risks with existing customers or discover commercial opportunities. Especially now, it is enormously important to base actions on reliable and, above all, up-to-date data. It could well be that even your best-paying customers are hit by the corona crisis and suddenly find themselves unable to pay their invoices. Monitoring gives you instant insight into significant changes in customers’ payment experiences. All payment experiences, which we collect, are a very strong predictor of the likelihood of problems.
Especially in 2021, it is important to monitor your customers, not only payment experiences remain a good predictor, but also companies are required to file the 2020 financial statements.
How does monitoring help your organisation during the corona crisis?
- Always up to date with the latest developments;
- Understanding your customers ‘ payment behaviour and how it has developed over the last period;
- As a first insight into the effects of Corona on the 2020 accounts;
- Immediately informed in case of emergencies.
Risk Analysis
Do you have a sizeable accounts receivable portfolio? Then CreditDevice ‘ s online analysis tool RiskAnalysis offers you more insight and overview. Your own financial data of debtors are imported into our system every day. This allows us to monitor and analyse their payment behaviour. We then overlay your data on top of our extensive database. This combination of internal and external data provides highly predictive insight into your customers ‘ behaviour. You can then capitalise onthis. Your debtor management becomes more dynamic and you anticipate changing risks well. Especially with large portfolios , this gives a strong sense of protection.
Want to know more?
Do you alwayswant to be up to date and know exactly how your clients are doing financially? Then contact us for more information, call us on 071-3640060 or download the Risk Analysis brochure.
