Innovative & Easy-To-Use
John owns a small advertising agency. He spends a lot of time on credit checks and chasing clients to make sure they’ll be able to pay his invoices: time he could dedicate to new business, content creation, or even being with his family.
John signs up to Tradelock in less than 5 minutes. Here he can accurately analyse each of his clients’ individual risk profiles, and choose to insure each invoice he issues.
Do you waste time analysing customer finances?
Are you too busy to run proper customer checks?
Do clients present a credible risk of not paying their invoices?
Don’t Rely On Sales To Stay Afloat
Jackie owns a small catering business: one that operates on a relatively good profit margin of 5%. But one of Jackie’s clients is not paying a £10,000 invoice. This means she needs to win sales of £200,000 just to make up lost profits.
With Tradelock Jackie could insure a £10,000 invoice for as little £6.81. She could also use Tradelock to assess the risk profile of prospective clients to avoid being in this situation again.
Do unpaid invoices make up more than 30% of your balance sheet? Can your profit margin make up for any unpaid invoices? Do you rely on credit lines? Will you be charged more if your financial position gets worse?
Trade & Expand With Confidence
Peter runs a small aerospace manufacturing firm. He recently met a handful of prospects at a trade fair who could really help him accelerate his business. But some are based abroad, he’s never traded with them before, and two of them want Peter to offer decent payment terms.
Tradelock enables Peter to assess the risk of all of his prospects – even those based overseas – confident that he can safely offer them all favourable payment terms as he can insure invoices.
Are you looking to trade with a new buyer?
Do you want to explore new markets?
Are you starting to export goods?
Futureproof Your Cashflow
Mike’s the MD of a successful plant hire firm. His clients often pay him late, but so far he’s only had to write off some small invoices. He’s put measure in place to avoid this – like asking for upfront payment – but Mike knows that a bad debt is a substantial threat to his business.
As a Tradelock customer Mike can protect his invoices; giving him peace of mind so he can focus on delivering great customer service without concerns about debt.
Are my customers in debt? Do they pay suppliers regularly?
sAre missed payments a longstanding issue or a minor blip?
If you’re one of a million UK-based SMEs looking to safely expand your business, Tradelock is here to help you!