Scottish fintech company to launch its credit management platform in Australia by 2024, benefiting SMEs with efficient credit monitoring and enhanced cash flow.
The Scottish fintech company has revealed plans to launch its cloud-based credit management platform in Australia by 2024. Know-it aims to provide a credit management solution for the Australian market, to ensure that SMEs across the country have access to the platform, helping them manage the credit monitoring process your own more easily.
Fintech has established an impressive track record helping companies reduce late payments and increase cash flow, and Know-it now finds itself well-positioned to make a significant impact on the fintech industry in Australia.
The Knowledge Platform streamlines the credit check process to allow users to check and monitor credit, search for payments, collect overdue unpaid bills, cover bills with insurance credit and get bill financing from one place.
It has previously partnered with Creditsafe, Sage, Xero, and QuickBooks to provide businesses with the necessary credit information in real time, download purchase and sale logs, and automatically submit payment finder when the invoice is due.
“Australian businesses face the same problems as UK businesses with late payments”
Lynne Darcey Quigley, CEO and Founder of Know-it, commented on the launch plans: “Australian businesses face the same problems as UK businesses with late payments and manual credit checks.
“Automation is critical to ensuring steady cash flow and efficient financial processes. Now is the right time to implement such solutions.
“Our platform allows businesses to perform credit checks, automate follow-up payments, collect past due invoices, and more, all in one place. This minimizes credit risk, reduces debit days and improves business cash flow. At Know-it, our ultimate goal is to expand our services globally and help SMEs around the world realize the importance of automating credit control. . This automation process is crucial not only for the survival of the business but also for its success. The Australian market will be our first foray into the international arena and we are all very excited to see where our next journey will take us.
“Our aim is to demonstrate to Australian business owners, especially SMEs, how fintech can ensure business continuity during the turbulent economic conditions currently affecting small and medium enterprises globally. Our team is excited to start working with local businesses, helping them secure cash flow by addressing late payments, reducing debit days, and automating the entire process. check their credit. “As the financial environment continues to put enormous pressure on the economy, Australian businesses need all the help they can get. This is a critical time when technology can step in and help. help with an innovative and affordable credit management platform In the past, small businesses lacked the resources to automate this process, leaving many vulnerable to late payments and financial fraud. ”