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Introducing Risk Portfolio in ezyCollect

April 23, 2024

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
You can find the original post here:
https://ezycollect.io/blog/introducing-risk-portfolio-in-ezycollect/

In today’s fast-paced environment, proactive risk management is crucial. With this in mind, we’re excited to introduce Risk Portfolio, a powerful tool that gives you the ability to pinpoint customers with the highest risk balances swiftly and efficiently, and streamline debt escalation and debt recovery.

The Challenge of Effective Credit Risk Management and Debt Collection

Extending credit is a routine yet risky part of B2B transactions. The dangers of delayed payments or, worse, non-payments, can stem from various issues like cash flow problems, disputes, or strategic delays from clients. These issues not only put financial pressure on suppliers but can also sour business relationships and disrupt the smooth flow of supply chains.

Managing this risk and recovering debts is crucial yet delicate. It’s all too easy for aggressive recovery tactics to strain relationships with customers. So, how can we make this process smoother and more attuned to each customer’s unique financial situation?

What is Risk Portfolio

Enter Risk Portfolio. This tool empowers you to use data effectively, allowing you to customise your approach to risk management and debt recovery. With Risk Portfolio, you have the insights to understand your customers’ specific circumstances, making your interventions timely and informed. This isn’t just about minimising bad debts—it’s about preserving valuable business relationships with a thoughtful, data-driven strategy.

Risk Portfolio Dashboard

Benefits of Risk Portfolio

By implementing Risk Portfolio you are not just adopting a new feature; you are ensuring that your business is equipped to handle uncertainties more effectively than ever before.

Customisation at your fingertips

Tailor the risk criteria to fit your unique business needs or use our robust default settings. The user-friendly interface makes customisation simple and effective, allowing you to focus on strategic decision-making.

Automated debt management

Streamline your debt recovery process with automation that acts when it matters most. Risk Portfolio not only identifies at-risk balances but also facilitates automated debt escalation to minimise bad debts, ensuring your financial stability.

Risk Portfolio Summary

Enhanced Visibility and Control

Gain critical insights with a dynamic dashboard that displays real-time data on your riskiest accounts. This allows for immediate action and informed decision-making to safeguard your receivables.

Integration with Leading Partners

ezyCollect partners with top debt recovery agencies like ARMA in Australia and New Zealand, and Credit Point in the US, ensuring that escalated debts are handled by experts. You have the flexibility to select other partners or manage recovery in-house, thanks to easy integration options that adapt to your business processes.

Feedback-driven development

Developed with input from our own clients across different industries and with varying sizes, Risk Portfolio is tailored to meet the real-world needs of modern businesses, ensuring it is a tool that truly supports your financial objectives.

Get started with Risk Portfolio

Interested in making risk management and debt collection easier? Register your interest or reach out to your Customer Success Manager for more information.

Not an ezyCollect user yet?

It’s time you experience faster and streamlined debt collection. Book a call with our debt collection experts to learn more about options for your business.

Why leave it there?

To find out more about ezyCollect

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