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Take control of your customer risk with Eloficash.

Regain control of your customer risk with a 360° view of your customer accounts, and enjoy a greater peace of mind and efficiency.
how-to-check-a-company’s-credit-worthiness
Rapid deployment
Real-time scoring
Monitoring and analysis

They trust Eloficash to manage customer risk 💚

Manage customer risk more effectively with credit scoring 

Rely on reliable data to assess your customers and set the right payment terms.

Eloficash helps you strike a balance between business growth and financial risk management.

✔ Automatically updated customer risk score
✔ Analysis of payment behaviour
✔ Identification of anomalies and early warning signs
✔ Customer segmentation by risk level

You can immediately identify high-risk customers and adapt your approach accordingly.

Eloficash Customer Risk Scoring and Analysis

Monitor your customer risk and receive real-time alerts

Customer risk is constantly evolving.
With Eloficash, you can monitor your portfolio continuously and receive alerts as soon as early warning signs appear, so you can take action way before they affect your cash flow.

✔ Alerts on late payments
✔ Detection of behavioural anomalies
✔ Real-time notifications
✔ Monitoring of risk developments

Anticipate risks and secure your receivables before they turn into irrecuperable debts.

Show me how the product works
Continuous monitoring and real-time alerts-1

Manage outstanding balances and control your credit limits 

Managing customer risk requires precise monitoring of outstanding balances.
With Eloficash, set credit limits tailored to each customer and monitor their usage in real time to prevent overspending.

✔ Setting personalised credit limits
✔ Real-time monitoring of outstanding balances
✔ Blocking or alerts when limits are exceeded
✔ Decision-making support for finance and sales teams

Easily safeguard your cash flow whilst maintaining a smooth business relationship with all your customers.

Credit Limit Management and Credit Limits

Measurable results achieved by our customers within the first few months:

10 days
reduction in average DSO

-30%
reduction in overdue receivables 

80%
Up to 80% of repetitive tasks automated 

 70%
less time spent managing disputes 

They say it better than we do 💚

Gazechim Group_logo

“Today, we have a real-time overview of the entire portfolio and outstanding customer balances in each country, enabling us to quickly identify any strain or delays in payment and take appropriate action.”

- Credit Manager, Gazechim Group

Combine Eloficash and Infolegale for a 360° view of customer risk 

Eloficash enables you to manage your customer risk and safeguard your payments.

Infolegale enhances this approach by providing you with a comprehensive overview of your third parties’ risks relating to fraud, creditworthiness and cyber-vulnerability.

Together, they provide you with comprehensive coverage to anticipate, analyse and manage all your B2B risks.

✔️ Anticipate defaults using enriched external data
✔️ Secure your revenue at every stage of the customer lifecycle
✔️ Make reliable decisions based on consolidated data

Infolegale, the first AI-enhanced SaaS platform for third-party risk management that safeguards your B2B risks.

Risk management

Do you have any questions about your customer risk management software?

What is the current situation regarding existing customer risk analysis tools?

Client risk management and prevention are of paramount strategic importance and require reliable financial information. There are ways to assess the creditworthiness of clients or prospective clients and to limit the associated risks

  • Websites providing balance sheet data: these offer information on the profit and loss account, financing requirements, external financing, working capital requirements, etc.

  • Traditional customer debt recovery management: this involves setting out the terms and conditions of sale, issuing reminders in the event of late payments, the recovery procedure, etc.

  • Credit insurance policies: these offer a refined assessment of the risk of default. Compensation may be payable in the event of unpaid invoices.

However, these measures no longer meet the expectations for responsiveness in Risk & Credit Management. The latter finds itself confronted with sudden financial downturns and a crisis of confidence amongst credit insurers. Today, it must regain control of customer risk management. How? By drawing on the ‘customer knowledge’ held within the IT system and by staff. It must also build its own monitoring system for customer payment behaviour.

How can we move beyond the limitations of ‘traditional’ customer risk management provided by third parties?

The publication of financial statements is mandatory for companies. However, balance sheet and financial data vary depending on the websites consulted. This has led to the emergence of new websites that compile information already collected in order to provide greater clarity. The discrepancies can be so significant, and the financial ratios so contradictory, that they make it impossible to carry out a financial and economic analysis of a company.

Yet it is essential to have a sound understanding of this information. No one can ignore the domino effect triggered by a buyer’s default. Indeed, this leads to the seller’s default in one in four cases. However, this inaccurate information provides an outdated view of the company. It does not take into account changes in the economic climate or the current situation . It cannot therefore guarantee a relevant assessment of customer risks.

For its part, credit insurance ensures a more detailed analysis of customer risks. Nevertheless, businesses are suffering from increasingly high credit limits, imposed under draconian conditions. There is therefore only one alternative for the company: to become its own credit insurer by implementing the most efficient customer risk prevention measures!

How can we regain control over customer risk to improve efficiency and responsiveness?

Can a business quickly and easily set up its own safety net against unpaid debts? Yes, provided it chooses suitable accounts receivable management software that is fully collaborative and integrated with the IT system. The most efficient processes for collecting and reporting information now fully involve staff within the company’s ecosystem.

Gone are the days of the so-called complexity of collecting and analysing information! Today’s Credit Manager has the tools and expertise to define rules, based on algorithms, to create a real-time dashboard tracking payments and customer behaviour. They can analyse internal data, bring it to life and translate it into compelling statistics to better anticipate customer risks. They will be able to make the right decisions at the right time!

This 360° view of customers, whilst based on mathematical forecasts, goes beyond mere transaction and cash flow data. It provides a better understanding of the customer’s history, which is fed into and shared by everyone across the organisation. Credit limits, overrun alerts, payment terms, etc. are then managed in real time.

How can we ensure effective customer risk management?

 

Accurate information, automated processes and an engaged community – from the finance department to the sales department – have become the cornerstones of responsiveness and efficiency in customer risk management. This also makes managing customer disputes easier and faster. As a result, disputes that might otherwise lead to debt recovery proceedings (applications for orders to pay, interim relief, summonses to pay) and late payment of invoices are avoided. The waste of time and energy now seems nothing more than a distant memory.

At the present time, customer risk management can no longer rely solely on third parties or accounting data. Businesses must take back control of assessing and managing customer risk in all its specific aspects. To this end, it is essential that they make the most of the wealth of information collected in their IT systems and the ‘on-the-ground’ experience of their staff. Technological solutions for managing customer receivables, such as the Eloficash debt recovery software and process guidelines, are available. Companies must now recognise the savings and benefits they will achieve by taking control of customer risk management themselves.