Business Credit Management Solutions by CreditQ |
Posted: November 29, 2021 |
CreditQ, a leading credit information bureau in India, has successfully drawn the market’s attention with its relevant B2B solutions. Besides issuing business credit reports and scores for MSMEs and small businesses, it is also known for its formalized payment follow-up process that helps clients in payment settlement. During its initial phase, the company studied the credit market and how one can report business credit defaulters without opting the legal way. It concluded that approaching legal authorities for payment settlement could cost a client time and money. Whereas, if they consult a credit bureau, the results are fast and effective. Talking about its vast business credit management solutions, it caters to small and medium businesses that struggle to find credibility in the market. Companies suffer a cash crunch or fall into a debt trap for two reasons: poor payment habits or a casual approach to credit. In both cases, it’s the client who suffers in the end. The CreditQ specialists were smart enough to realize the need for a channelized payment settlement process. Besides, they understood there’s a dire need to make businesses aware of the importance of maintaining a good business credit report. The credit market is vast, with hundreds of players in it. It becomes difficult to streamline the payment settlement process or how one can safeguard their business from suspected fraud. In the course of your business, you may deal with different clients, including payment defaulters. A new business owner may form a partnership with a party in good faith but ends up regretting the decision. CreditQ follows a firm approach when it comes to dealing with such issues. It offers relevant and cost-effective business credit management services that benefit both creditor and debtor. Even if you want to start a new trade partnership, you must do it with complete transparency. The additional feature of the CreditQ application helps a business acknowledge digital receipts of the transactions done, so there are fewer chances of payment disputes. CreditQ encourages standard and ethical practices of doing business. It promotes the idea of paying your dues on time, using your credit wisely and listing your payment defaulters so you can recover money timely. About CreditQ Inc.CreditQ is the first app and web-based platform in India that works with MSMEs and businesses to help settle payments with business credit defaulters and protect their businesses against financial fraud.
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