Credit control solution automatically checks ongoing creditworthiness of clients in the plumbing sector 
(28/11/2006)
Topaz and CreditScorer have partnered to offer a credit control solution to automatically check the ongoing creditworthiness of clients. This service is now available to companies seeking to eliminate bad debt issues in the plumbing sector.
CreditScorer is the brainchild of Professor Nick Wilson, who founded the company - a spin off from the Credit Management Research Centre based at Leeds University Business School - which uses the revolutionary scoring system he developed based on a unique series of algorithms.
The latest version of Topaz Credit Control will have an automatic link to CreditScorer online, which will allow users to:
· Credit check prospective new clients in seconds
· Monitor the ongoing credit worthiness of all clients – or those judged to be most at risk
· Identify why a client’s credit score approval rating may have dropped – i.e. newly submitted accounts, county court judgements, changes of directors
The new Topaz Credit Control module will in turn use the information from CreditScorer to:
· Store all credit ratings and suggested credit limits
· Automatically alert the credit controller to refresh the score and credit limit at user defined intervals
· Maintain a portfolio of “at risk” customers to be constantly monitored by CreditScorer
This automatic credit management solution is to be made available as part of the Topaz Financials package or as the standalone Topaz Credit Control product, which integrates with all leading financial solutions.
“The new Topaz Credit Control module will ensure that credit controllers in the plumbing sector will be able to constantly monitor which companies should be extended credit – and which shouldn’t,” says Eddie Stanley, the Topaz Sales Director.
Related categories: Commercial and offices applications Industrial applications Plumbing and HVAC market Residential applications
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