ACCOUNT MONITORING Be responsive to customer changes to keep cash flow moving
Receive alerts to advise of any elevated customer trading risk factors
Account Monitoring
Our account monitoring service enables companies to manage financial risk and avoid becoming collateral damage should another firm find themselves in financial distress. Taking a proactive approach to fully understanding your customers' financial stability will enable you to respond quickly to signs that your customer might struggle to settle their invoices or might be approaching insolvency.
Applying due diligence to your clients' financial stability is a vital element of credit control, and should play a role in your account opening processes as well as your everyday account receivables processes. Account monitoring is key to avoiding vulnerabilities and keeping cash flow moving; all new customers should be scrutinised before providing credit.
identeco's account monitoring service will ensure that your credit control department is working with the most up-to-date company account information. Our individual company account monitoring alerts will help you manage your customer accounts more effectively, manage risk and avoid non-payment as well as avoid the distressing circumstances of a customer entering administration and insolvency, with an invoice still outstanding.
Identify risk
Track significant changes to mitigate risk and manage growth
Changes in credit score and financial health
Receive alerts by email when a customer's financial health changes
Detrimental data
Be the first to know when CCJs or other negative data is lodged
Director changes
Changes at board level can be a precursor to larger company changes
Administration or insolvency notices
Alerts will help you move to recover invoices without delay
Liabilities
Notification of loans, debentures and mortgages applied to business security
Data auditing reporting will revitalise your data
Subscribers to identeco can easily and quickly monitor company accounts and receive a series of alerts that will notify you of changes in areas that could adversely affect your business. Alerts include notification of any financial difficulties, a drop in credit rating, an increase in creditor days (days to settle invoices), changes in shareholder structure or simply a new trading address - all of these can be a cue to take a closer look at outstanding invoices and at current orders.
identeco's account monitoring service is included in our Business Support Toolkit subscription. To enable alerts, simply click the account monitoring option at the top of the company record and you will automatically receive an email with specific changes to this company, as they are recorded. You will continue to receive updates for as long as you need - if your subscription is valid.
Having this information at your fingertips will put you in the driving seat and eliminate unnecessary risk by providing an up-to-date picture of your customer's financial position.
What our customers say
The team at identeco have been a pleasure to deal with and have gone above and beyond to deal with our bespoke needs. They have enabled us to improve our business strategy and make us feel more comfortable in the businesses we are trading with. I would not hesitate to recommend their services to any business that require such piece of mind when trading in the B2B market space. We look forward to being a valued client for many years to come
Bobby Russell
Managing Director at Contact FinanceWe have used identeco's service for several months and found it to be excellent value for money.
Sean Hemmings
Credit ReformBrilliant product and team. This is our second year using the product and it has been very useful. The identeco system itself is user friendly, with large levels of easily readable and useful information. The supporting team are friendly and knowledgeable.
Kevin Billingham
CFS Representative Senior at FedEx Express UK LimitedI've used identeco several times now and it's provided me, as a freelance Social Media Manager, with a huge amount of reassurance when considering taking on new clients. I've been able to check their financial status and I can be pre-warned if they don't have a favorable payment history!
Laura
Social Media Manager at Virtually SavvySuch excellent value for money. I use the portal everyday for checking out business stability. Marketing lists have enabled me to reach my audience and increase business growth
Sonya
Managing Director at Adore Your OutdoorsThe interface is really easy to use and the information available on companies performance helps us decide to extend credit and on what terms. The mail data available is an added bonus and the annual cost is amazing. Customer support is real people. and I cannot recommend a credit check and business support package that is better value
Guy Sinclair
Managing Director at Modus Agencyidenteco is a great platform for any business. It provides a great service and at a great price. We were slow to start but now use the service at least once a day. The team even set up a free training session to ensure we get the best from the software.
Andy
Managing Director at Hayward MillerVery good
EU Radici Ltd
Fantastic Product. For the price, I had a slight reservation as to how helpful this was going to be. I should NOT have been worried - 5 Stars and an Excellent Product!
RJ
Ops Director at Richard Jefferies LimitedGreat product, great service - Easy to use tool that helped our marketing campaign. The data was good quality and very useful. Customer service was really quick and efficient whenever I had a question, which makes the whole thing even better!
Ceri Rogers
Managing Director at NS Events Group LtdService is good, and the turnaround for traces is fast. Highly recommend.
Rebecca
Legal Clerk at Ward HadawayI have used the service on a few occasions to check out businesses details and have been impressed by their service and how thorough the details are. With one particular company highlighted to me that it was not safe to do business with them - so it made me think twice about engaging them. Their customer service is excellent too and all the staff are extremely helpful if you get stuck.
Sadie Skipworth
Social Media Manager at Sadie Skipworth Social MediaExcellent, friendly service with fast turnaround of the results. Just what I was looking for!
Alison Miller
Senior Research Executive at Scott Porter ResearchBeing able to obtain information in one place saves time, and the fee charged on an annual basis is cost effective.
Mike
Managing Director at Debt Solve UKThe portal has become an intrinsic part of our account opening process; giving us the ability to understand credit terms for our customers and set them accordingly. For the price, it's become invaluable to our business.
Oliver
Sales Director at CJUK
