5 reasons why you should connect your accounting package to your Creditsafe account.
Every business is dependent on cash flow. Collecting payments from customers on time is one of the biggest challenges faced by businesses of all sizes.
With more than 60% of all invoices paid late* by UK businesses, it’s never been more important to manage your outstanding invoices.
You can improve your collection process by taking your sales ledger data and combining it with our credit information.
By connecting your accounting package to your Creditsafe account we can show you exactly where your outstanding money is and highlights the top debtors to your business. This allows you to prioritise your credit control and payment collections, which in turn reduces the risk of bad debt, cuts invoice payment times and improves cash flow.
Monitor customers with outstanding invoices
By connecting your accounting package to your Creditsafe account, you can easily monitor your entire customer base and keep track of the companies who owe you money.
Receive email alerts as soon as we detect new information about your customers that may impact your ability to collect payment.
Get real-time monitoring alerts on:
- Credit score and limit changes.
- Company name, address and phone number changes.
- Director and shareholder changes.
- Financial changes.
- Administration, liquidation and dissolution notices.
- Country Court Judgments.
- Plus, many more.
Identify the good and bad payers
See a complete customer view of your ledger and identify risk at group level.
See how your customers are paying other companies and suppliers over a 12 month period in order to benchmark your DSO performance.
Get access to financial credit data
Get access to complete financial, payment and credit risk data on each of your customers. Our ledger management tool links directly through to a comprehensive company credit report so that you can further review the financial performance of your customers.
Improve your cash collection
Easily review where your outstanding invoices sit against pre-defined credit risk groups, allowing you to prioritise your cash collection efforts on the customers who are most likely to default.
Send reminder letters to customers with outstanding invoices or refer them to a debt recovery agency on a no-win, no-fee basis.
Get access to over 20 pre-defined reports
Connecting your accounting software to your Creditsafe account allows you to schedule and export more than 20 reports to help you better understand and improve your cash collection.
Get access to over 20 reports, including:
- Outstanding invoices above Creditsafe’s recommended credit limit.
- Outstanding invoices above your internal credit limit.
- Customers with additional credit utilisation opportunities.
- Top customer accounts by outstanding balance.
- High-risk customer accounts.
- Duplicate customer accounts.
- Collectable accounts.
- Invoices associated with non-trading, inactive companies.
- Plus, many more.
Additional help and support
What accounting software can you connect to your Creditsafe account?
Connecting your accounting software to your Creditsafe account is now easier than ever. We have introduced a data sharing button* within the Creditsafe payment analysis tab to allow you to contribute towards our payment information network directly.
Help build a comprehensive picture of payment behaviour for UK businesses.
Our Trade Payment Programme combines over 16 million ledger transactions worth over £10billion providing a true insight into the payment behaviour of UK businesses.
Becoming a member of the programme provides you with a detailed analysis of the payment behaviour of your customers, allowing you to manage risk and collections across your ledger.
Connect your accounting package to your Creditsafe account in under 5 minutes and get exclusive access to our 3D Ledger Management platform.
For additional help and support on connecting your accounting package to your Creditsafe account, please contact your account manager or request a call back from one of our experts.