Lloyd Group turned to CreditorWatch's credit risk management tools for a more proactive way to prevent these type of road bumps that threatened to derail entire projects.
“CreditorWatch helps us to be much more vigilant in what we need to consider before engaging with a new customer or supplier.”
Lloyd Group now checks a prospective customer's credit history and ensure their suppliers are able to complete projects on time and pay according to terms.
CreditorWatch also monitors all of Lloyd Group's customers 24/7 and sends real-time email alerts when there's a change in their ledger, so the entire team is kept updated at once.