How they describe themselves: CreditHQ is focused solely on small businesses and the platform is operational in four European countries and expanding elsewhere. CreditHQ takes data from credit reference agencies and presents this clearly to small businesses via ‘traffic light indicators’. Our context sensitive help system explains what this data means to customers and the platform offers the tools necessary to chase and recover overdue or problem invoices.
How they describe their product/innovation: We are announcing the following to general availability at Finovate Spring. CreditHQ now integrates to major bookkeeping platforms, transforming it from a low cost credit score product, into a highly intelligent expert system providing insight and practical help to improve cash flow and reduce credit risk. When connected to Xero, CreditHQ, monitors every customer and invoice the company has. It also has access to real time credit scoring and payment performance information.
Product distribution strategy: B2C and through financial institutions, B2B.