How they describe themselves: Late payment of invoices has become endemic. The average small business invoice in the UK takes 71 days to be paid, and small businesses are often caught unaware when customers fail and are unable to meet unpaid bills. CreditHQ was developed to tackle this problem.
How they describe their product/innovation: CreditHQ takes data from major credit data suppliers and uses that to allow small businesses to check the credit status, payment performance, and financial health of the companies they invoice.The CreditHQ Insight Engine explains what each piece of information means within the context of the relationship that a business has, and gives options on what actions might be taken.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
Bus. Dev., Press & Sales: Jane Hewitt, Head of Marketing, email@example.com, +44 07 8609 45837