For customers and suppliers, for risks and opportunities.
Today margins on all sides are under pressure. Around 30% of all invoices are paid late. 10% of those are never paid. A fact that entrepreneurs have to take into account. Because defaults can, in turn, threaten financially stable companies. However, monitoring can prevent a great deal of risk. In turn monitoring also offers opportunities.
Will that still be true tomorrow?
Put your customers in monitoring and receive a message if the situation changes. This way you can respond appropriately and will never be faced with surprises. Read everything you need to know about monitoring on our wiki page.
Graydon Monitoring Tool
A new customer can go through the acceptance process without a problem today, but that offers no guarantee for the future. Wrong investments or incorrect budgeting can have a serious impact on the financial stability of a company. And as a supplier you do not want to be the victim of that.
With the Graydon Monitoring Tool you avoid your customers (but also vital suppliers) bringing you into their negative spiral. It keeps you constantly informed of changes in their financial situation. This is vital if you enter into a professional relationship with a customer for a longer term and you do not want to miss any developments.
Monitoring can be compared to an alarm system, both in a positive and a negative sense. But it is not only triggered by increased financial risks. It also helps you to detect new opportunities. If the scores of a certain customer are steadily increasing, then the business may be doing well. Perhaps there is room for more business. An interesting signal for your sales team to get in touch and generate additional orders.
Graydon Monitoring Tool and all our other solutions for judging risks and detecting growth opportunities can be found in one online platform: Graydon Insights.