Picture this: She’s your customer in 10 years. What will her expectations be as a consumer? Do you think she’ll want to fill out your paper form, photocopy her documentation, and wait for your approval? In a world where digital first experiences are the norm, how you handle customer onboarding, credit approvals, and interactions will… Continue reading Trade-Credit has not Escaped Consumer-Grade Expectations
Tag: trade credit
Synthetic Data vs Authentic Data in Credit
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
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
Hidden Costs in Your Trade Customer Onboarding Process
Let’s first set the scene Have you ever wondered about the hidden costs when onboarding & managing your trade customers in your business? We all know that onboarding a trade credit customer is crucial for building strong business relationships and driving growth. However, when it comes to working out the cost, we think about –… Continue reading Hidden Costs in Your Trade Customer Onboarding Process
1Centre Surpasses 100,000 Business Customers Milestone, Cementing Its Position in Digital Trade-Credit Management
Auckland, 2nd April 2024 – 1Centre, a leading digital platform revolutionising trade credit management, today announced a significant milestone in its journey, having surpassed the 100,000 mark in business customers. This achievement underscores 1Centre’s commitment to providing innovative, user-friendly and efficient credit management solutions to businesses across Australia and New Zealand. Since its inception, 1Centre… Continue reading 1Centre Surpasses 100,000 Business Customers Milestone, Cementing Its Position in Digital Trade-Credit Management
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
CFO’s: What’s the difference between trade-credit and extended payment terms?
You know, there’s a common myth floating around that trade credit is just about pushing back payment dates. But really, it’s so much more than that. Think of it like building a bridge between suppliers and their customers, where everyone gets to cross with ease. It’s not just about delaying payments. It’s about creating a… Continue reading CFO’s: What’s the difference between trade-credit and extended payment terms?
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
Generative vs. General AI in Credit Management
Deciphering the Artificial Intelligence (AI) Debate By Miriana Lowrie MICM Artificial Intelligence (AI) has emerged as a cornerstone of innovation, reshaping the dynamics of multiple industries. Amara’s Law, put forward by the renowned technologist Roy Amara offers an insightful lens through which we can analyse the evolution and acceptance of emerging technologies. This principle argues… Continue reading Generative vs. General AI in Credit Management
Credit Assessment Has Been Same…
Same For decades – It’s Time For Connectivity! The financial world has for decades relied on the traditional 5 C’s of Credit to evaluate the creditworthiness of potential borrowers. This framework has indeed served its purpose, forming the basis for countless loan approvals and denials, shaping the financial futures of individuals and businesses alike. As… Continue reading Credit Assessment Has Been Same…
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
Improving the Economy is a Team Sport: Why Supporting Small Businesses is a Prosocial Movement
The success of any team or organisation depends on its culture and collective beliefs. The same is true for the economy. To create a thriving, prosperous economy, we need to work together and support one another, particularly small businesses. Supporting small businesses is not just good for the individual business owner or their customers; it’s… Continue reading Improving the Economy is a Team Sport: Why Supporting Small Businesses is a Prosocial Movement