Scotland-based fintech start-up Know-it has launched its cloud-based credit management platform. The platform allows businesses to credit check and monitor, chase for payment, collect overdue unpaid invoices, and more, all from one place.

By partnering with accountancy software and credit reference agencies, such as Xero, QuickBooks, Sage, FreeAgent, and Graydon, users can instantly credit check companies, get live data, and real-time updates to monitor customer’s credit behaviour and mitigate potential credit risks. The platform also gives finance teams and business owners a way to check their customers’ credit worthiness. It also ensures customers pay on time through scheduled reminders and customisable chaser emails, letters, and SMS, helping reduce debtor days and increasing cash flow.

Users can also get instant quotes to collect unpaid invoices through their commercial debt recovery partner, as well as receive 24/7 case updates. Company officials stated that their new platform brings together all credit control functions into one place. By removing the need to access and subscribe to multiple different platforms, their cloud-based platform streamlines the credit control process so one can credit check and monitor, chase for payment, collect overdue unpaid invoices, and more all from one platform.