Company aims to solve SMEs' cash flow problems

Edited by the Manufacturingtalk editorial team Nov 8, 2004

'Credit hound' solves the cash flow problem for SMEs by launching a timely solution to the seemingly ubiquitous problem of credit control management for small businesses.

Draycir is launching a timely solution to the seemingly ubiquitous problem of credit control management for small businesses.

Credit Hound, an easy-to-use intelligent software package will soon do all your credit control management for you and remove all the stress and uncertainty from the debt collection process.

The end result is better organised, consistent systems enabling small business to collect debt quicker and improve that all-important cash flow that can potentially cripple SMEs if it's left unchecked.

Draycir will preview the innovative new software package at the Sage Visions 2004 Expo to be held at the Hilton Metropole in London on 2 November.

Visit Draycir at Stand 53 at Sage Visions and ask for Robert Ball or Richard Reaveley who will be pleased to show you the benefits of Credit Hound.

Version 1 of Credit Hound will be available early in 2005, with entry level prices for the smallest companies likely to be as little as a few hundred pounds.

Credit Hound 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 market for the software - hence the preview at Sage Visions.

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.

"Credit Hound gives the SME the ability to punch at a much higher weight in terms of its credit control management systems, providing much of the functionality and benefits of the major corporates' 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." Credit Hound is designed to be intuitive, flexible, and scaleable.

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

Credit Hound is a complete credit control solution offering information rich chasing screens, instant letter and copy invoice dispatch along with payment trend analysis, dispute system and full management breakdown.

Its comprehensive features, analysis and reporting set it a breed apart.

The innovative 'Self Chasing' feature of Credit Hound will automatically work in the background on your PC and alert you to the fact that an invoice is due; a 28 day letter is due; a statement or final reminder is due, etc etc The user then has the option to manually override the system - eg: to talk to a key client prior to sending a credit control letter - or to allow Credit Hound to do the rest and 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.".