FeeSynergy and Equifax have partnered to help revolutionise the way accounting and legal firms assess client credit risk and better manage client relationships.
Leading debtor management software fintech, FeeSynergy, and global data, analytics and technology company, Equifax, have partnered to help accountants and legal firms to better assess client risk, providing greater visibility of a client’s credit risk and ability to pay.
With economic uncertainty and many businesses feeling the pinch from Covid lockdowns, having insight to the credit standing of customers is essential to help reduce time spent chasing bad debtors and ensure cash-flow to enable business growth.
As the number one provider of debtor management software, payment gateways and fee finance solutions to accounting and legal firms in Australia and New Zealand, the FeeSynergy Collect platform is used by hundreds of leading firms to manage their entire debtor management process, from engagement right through to payment.
The partnership with Equifax will enable accounting and legal firms to access an Equifax business credit score and credit report as part of their risk assessment process. It will also offer FeeSynergy clients the ability to identify business advisory opportunities within their client base.
FeeSynergy’s Managing Director, Malcolm Ebb, says “Our partnership with Equifax is ground- breaking. The product we are bringing to market has been over two years in the making and will provide our accounting and legal clients with valuable insights enabling them to better manage risk and enhance client engagement.”
“In the current economic climate, managing the credit risk of customers and suppliers is crucial. Understanding a client’s risk and ability to pay can help better protect cash-flows. Our partnership with FeeSynergy enables the accounting and legal sector to access a more complete picture of prospective and existing clients so that they can make informed decisions when it comes to credit risk and client engagement.” Scott Mason, General Manager Commercial and Property Solutions at Equifax adds.
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