Today margins on all sides are under pressure. Around 30% of all invoices are paid late in Belgium. A fact that many entrepreneurs have to take into account. Because defaults can, in turn, threaten financially stable companies. However, monitoring can prevent a great deal of calamity. In turn monitoring also offers opportunities.
A new customer can go through the acceptance process without a problem today, but that offers no guarantees for the future. Wrong investments or incorrect budgeting can have a serious impact on the financial stability of a company. And as a supplier you do not want to be the victim of that. You must generate a substantial amount of extra revenue to make up for the loss of a bad debt.
Monitoring for customers and suppliers, for risks and opportunities
With monitoring you already avoid that your customers (but also vital suppliers) bring you into their negative spiral. It keeps you constantly informed of their financial situation. Necessary if you enter into a professional relationship with a customer for a longer term and you do not want to miss any information.
But the alarm system - with which monitoring can be compared - is not only triggered by increased financial risks. It also helps you to detect new opportunities. If the scores of a certain customer are steadily increasing, then the business may be doing well. Perhaps there is room for more business. An interesting signal for your sales team to contact us.
Benefits of monitoring
What our clients are saying
"Graydon Insights is an up-to-date, user friendly and state of the art tool. At Synergie we really enjoy using it."
Vanessa Wouters - Teamleader credit control - Synergie