Recordent upgrades its tech stack to offer automation for MSMEs
Recordent, a credit management platform, has upgraded its technology stack to provide MSMEs with end-to-end Credit-to-Cash (C2C) management. The company aims to help businesses optimize resources, improve collections, mitigate credit risks, and increase efficiencies through an automated and seamless Credit-to-cash process.
Recordent has introduced two new features: legal notices and data-powered business analytics. These features provide smaller businesses with bureau-style notification assistance and data-driven insights into payment behavior. The platform offers several key features that automate the business process, including Buyer onboarding, credit checks of buyers using Equifax-powered credit reports, and Recordent reports for buyers on the platform. Invoice Management, Invoice Reconciliation, Payment Reminders, and the SoA (Statement of Account) feature will supplement these.
The upgraded Payment Reminders will provide buyers with a buyer dashboard and reminder messages via SMS, email, and IVR. The new feature allows reporting of buyer dues exclusively to the buyer without influencing the buyer data for Recordent B2B reports.
Recordent offers Gold, Platinum, and Diamond subscriptions to its clients, and most of the key services are available on a “Pay As You Go” basis, with the Gold Plan being the most basic membership at no cost. The platform also offers two distinct features: the ability to send legal notices to buyers who have defaulted on payments despite payment reminders and bureau-style notifications, as well as data-powered Business Analytics, a new offering for businesses seeking detailed insights into buyer-level payment behavior, overall overdue analysis, sales & receivable analytics, and more.
Overall, Recordent has strengthened its position in the credit-to-cash management space, with a unique bureau model and other offerings in Credit Risk, Analytics, and Financial & Legal Services.
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Recordent, a credit management platform, has upgraded its technology stack to provide MSMEs with end-to-end Credit-to-Cash (C2C) management. The company aims to help businesses optimize resources, improve collections, mitigate credit risks, and increase efficiencies through an automated and seamless Credit-to-cash process.
Recordent has introduced two new features: legal notices and data-powered business analytics. These features provide smaller businesses with bureau-style notification assistance and data-driven insights into payment behavior. The platform offers several key features that automate the business process, including Buyer onboarding, credit checks of buyers using Equifax-powered credit reports, and Recordent reports for buyers on the platform. Invoice Management, Invoice Reconciliation, Payment Reminders, and the SoA (Statement of Account) feature will supplement these.
The upgraded Payment Reminders will provide buyers with a buyer dashboard and reminder messages via SMS, email, and IVR. The new feature allows reporting of buyer dues exclusively to the buyer without influencing the buyer data for Recordent B2B reports.
Recordent offers Gold, Platinum, and Diamond subscriptions to its clients, and most of the key services are available on a “Pay As You Go” basis, with the Gold Plan being the most basic membership at no cost. The platform also offers two distinct features: the ability to send legal notices to buyers who have defaulted on payments despite payment reminders and bureau-style notifications, as well as data-powered Business Analytics, a new offering for businesses seeking detailed insights into buyer-level payment behavior, overall overdue analysis, sales & receivable analytics, and more.
Overall, Recordent has strengthened its position in the credit-to-cash management space, with a unique bureau model and other offerings in Credit Risk, Analytics, and Financial & Legal Services.
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