It’s well known that the significant lack of business data, specifically trade payment data available is causing more than a few headaches for Credit Bureau, Credit Teams and lenders in general. This is exasperated by the lack of data sharing platforms to level out the playing field and monopolistic approach to data currently adopted by… Continue reading Synthetic Data vs Authentic Data in Credit
Tag: decrease risk
Enhancing Trade Credit Security with Biometric Verification
Introduction Let’s face it, doing business online has become, and will increasingly become more at risk with the advancement of new technology allowing fraudsters to create ‘false identities’. At 1Centre, we are dedicated to continuously enhancing security and preventing fraud when onboarding trade credit customers. As part of this commitment, we are excited to announce the… Continue reading Enhancing Trade Credit Security with Biometric Verification
Why Australia’s Construction Industry Needs Trade Credit Automation
The Australian construction sector is navigating a challenging landscape characterised by supply chain disruptions, escalating costs, and the pressure of fixed-cost contracts. Construction, vital for contributing to infrastructure, commercial, and residential development, encounters amplified risks in managing cash flow and credit amidst these macro challenges. The pandemic era’s government and central bank support maintained low… Continue reading Why Australia’s Construction Industry Needs Trade Credit Automation
Beyond Insurance: The Case for Trade Credit Assurance
Trade credit is a pivotal component of business relationships, allowing borrowers to manage cash flow and customer lenders to strengthen partnerships. However, a quick search on trade credit often leads us to a plethora of information about trade credit insurance. This is a product designed to protect sellers from the risk of non-payment by their… Continue reading Beyond Insurance: The Case for Trade Credit Assurance
Data Zoo Announces Partnership With Trade-Credit Platform 1Centre
1Centre customers can now leverage Data Zoo’s global identity verification solutions to deliver exceptional trade-customer onboarding experiences. Leading global identity solution provider Data Zoo and trade credit customer onboarding platform 1Centre have announced a partnership. This partnership will combine 1Centre’s innovative cloud-based automation technology with Data Zoo’s cutting-edge global identity verification solutions. The partnership aims… Continue reading Data Zoo Announces Partnership With Trade-Credit Platform 1Centre
Managing Risks in Hiring Equipment While Giving Trade Credit to Small Business Owners
For businesses that hire equipment out to small business owners, extending trade credit can be an effective way to increase sales and build customer loyalty. However, it also comes with inherent risks that must be managed to ensure safe revenues. The risks of giving trade credit include late payments, defaults, and even fraud. The good… Continue reading Managing Risks in Hiring Equipment While Giving Trade Credit to Small Business Owners
5 factors to look for in your trade-credit software
We’ve had hundreds if not thousands of conversations with Credit Managers and when it comes to trade-credit software, it seems there’s a focus on the same basic things: Online application forms, credit checks, trade reference checks, yadda yadda. This is a ‘table stakes’ conversation – the basics that any trade-credit software should offer, given it’s… Continue reading 5 factors to look for in your trade-credit software
How AI and automation is solving Credit Management headaches
Part 1 of 3-part series. Next article > The pace of technology development has a profound impact on most industries and our everyday lives. The world of trade credit management is no exception. From fraud assessment checks to business process automation, building scale through the cloud, to leading the charge on data-led decision making, the power… Continue reading How AI and automation is solving Credit Management headaches
SaaS automation applied to identity fraud in trade credit
Part 3 of 3-part series. The pace of technology development has a profound impact on most industries and our everyday lives. The world of trade credit management is no exception. From fraud assessment checks to business process automation, building scale through the cloud, to leading the charge on data-led decision making, the power of digital… Continue reading SaaS automation applied to identity fraud in trade credit
How electronic signatures meet global standards
Google the keywords electronic signatures and you’ll find 115,000,000 results – a lot right! Electronic signatures are often called Digital Signatures as well. For me, this is reflective of the world moving to more efficient ways of signing that don’t require a person to person exchange of paper that requires a signature – it’s as… Continue reading How electronic signatures meet global standards
Trade credit & COVID-19: The early bird catches the worm
“The early bird catches the worm”. That’s the key principle when it comes to managing your debtors, and especially now. Being the Early Bird in trade credit is about being proactive, engaging customers quickly, understanding their positions and risks, offering options. It also means making difficult decisions, balancing recovery against customer relationships. At 1Centre, we’d like… Continue reading Trade credit & COVID-19: The early bird catches the worm
The Top 5 Benefits of Storing Data in the Cloud
Gathering relevant data and storing it in the cloud, to better understand your business and its customers has now become imperative. Data helps you solve current problems, as well as make better strategic decisions. With the collection of critical data comes the essential responsibility and need of storing it in a safe, secure and easily… Continue reading The Top 5 Benefits of Storing Data in the Cloud