Understanding Your Challenges

For factoring, invoice discounting, asset based lending and commercial finance companies, the effective management of client and debtor risk is critical.

Bad debts go straight to the bottom line.

The ever-present business challenges are significant:

Collateral is dynamic and can change quickly

No other form of business lending gives such scope for the borrower to mislead the lender, from fresh air invoicing, banking debtor payments to falsifying returns (e.g. ageing reports and financial statements)

Business fraud detection is not easy

If you have experienced problems with a client and lost money, then it is likely that, with hindsight, the warning signs were there. Unfortunately,  the warning signs cannot always be identified soon enough because:

  • Information systems do not sufficiently highlight the issues.
  • The information is not timely or reported frequently enough.
  • The information is not sufficiently visible to the relevant people.
  • The information is not acted upon.

EQ Riskfactor gives you comprehensive information and clarity in real time.

Prevention is better than cure

Even more so in the present economic climate, finance companies need to be constantly on alert and ensure that the right people, processes and information systems are in place to meet the daily risk management challenges.

Managing exposure with monthly system reports and a collection of spreadsheets is not reliable enough – robust, integrated and proven information systems are required.

Book a demonstration

Contact us to book a demonstration and find out how we can transform your business.

Call us on: +44 (0)1444 819 460