24 Sep

CRISworks Feature Update

Industry Segmentation Data

Have you ever wanted to know how well your customers are paying their accounts in your industry compared to other industries? We have added this feature to our standard CRISworks report. It’s a market segmentation chart that highlights at a glance how a customer is paying accounts in your industry compared to other industries.

This data is designed to help you to keep more abreast of a customer’s financial status and may help highlight further information that you need to gather, such as

  • * “Why are they taking longer to pay me (if that is the case) when they are paying other suppliers sooner?”
  • * If they are paying your industry earlier than the others, then it may reflect a “heads up” on overall cash flow difficulties and/or a desire to keep one segment of the market happy, at the expense of another

Director affiliations

One of the more important aspects of checking a Company’s credit strength is in knowing the directors and their background. Have they been involved with other Companies, and if so what are, or were, those Companies credit profiles like? CRISworks can help by providing detail of any other Companies the director(s) may have been, or are, involved in via the director affiliation detail on the CRISworks standard report. In addition, you will see a summary of the level of debt and average DSO these Companies have with others on the CRISworks database.

CRISworks at a glance

If you don’t have a copy of our CRISworks at a Glance information sheet, please phone or drop a note to the office or your Account Manager, and we’ll send you one. This informative one-pager gives precise and easy to understand instructions on how to use the Reporting, Monitoring, and Administration tools in CRISworks. It will tell you the function of each report, and how to access it with few simple mouse clicks. An important support document to optimise your understanding, and make negotiating the CRISworks site a breeze.

About the Author

Leave a Reply