Software To Help SMEs Credit Control

Draycir has developed software to help tackle the problem of credit control management for small businesses.

Draycir has developed software to help tackle the problem of credit control management for small businesses.

Credit Hound credit control management is claimed to enable small business to collect debt quicker and improve cash flow that can potentially cripple SMEs if it is left unchecked.

Version one of Credit Hound will be available early in 2005.

It has been designed to work with a number of accounting packages including Sage Line 50, Sage Line 100 and Sage MMS, which is expected to be the core sector for the software.

Full pricing packages will be available from Draycir in the new year.

Draycir director, Robert Ball, commented: "Credit Hound offers a total credit control management system for SMEs from only a few hundred pounds.

Millions of SMEs currently suffer at the hands of the larger corporates' credit control policies; Major companies have sophisticated systems to monitor, control, and recover debt and at the same time they may also delay payments to smaller firms with disorganised credit control policies.

The typical SME is then left having to pay its bills faster than it can get cash in from its own customers.

Hence one of the primary reasons for SME business failure is inadequate cash flow leading to a higher risk of bad debt." He added that the software provides much of the functions and benefits of the major companies' credit control management systems, at a fraction of the cost.

"We believe this is the first mass-market product of its type and functionality aimed at the SME sector." he added.

Credit Hound has been developed using the latest Microsoft.NET technologies which brings a familiar look and feel to the software.

It also features letter and copy invoice dispatch along with payment trend analysis, a dispute system and full management breakdown.

The 'self chasing' feature is claimed to automatically work in the background on a PC and alert the user to the fact that an invoice is due, a 28 day letter is due and a statement or final reminder is due.

The user then has the option to manually override the system, or to allow Credit Hound to send the appropriate chasing e-mails, faxes, or letters as required.

Ball added: "Most automated and manual credit cycles will only run once a week or once a month.

Credit Hound will automatically alert the user the second the invoice becomes payable or overdue, saving valuable days or weeks in the credit control process, improving cash flow, and identifying problem debt much faster.".

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