Accountants to gain client credit risk transparency through new partnership

Posted on 9th Sep 2021

FeeSynergy will now team up with credit reporting bureau, Equifax, to enable accounting and legal firms to access an Equifax business credit score and credit report as part of their risk assessment process.

Scott Mason, general manager at Equifax, said the partnership comes at a time where having insight into the credit standing of customers is essential to help reduce time spent chasing bad debtors and ensure cash flow remains stable.

“In the current economic climate, managing the credit risk of customers and suppliers is crucial,” said Mr Mason. “Understanding a client’s risk and ability to pay can help better protect cashflows.

FeeSynergy will now team up with credit reporting bureau, Equifax, to enable accounting and legal firms to access an Equifax business credit score and credit report as part of their risk assessment process.

Scott Mason, general manager at Equifax, said the partnership comes at a time where having insight into the credit standing of customers is essential to help reduce time spent chasing bad debtors and ensure cash flow remains stable.

“In the current economic climate, managing the credit risk of customers and suppliers is crucial,” said Mr Mason. “Understanding a client’s risk and ability to pay can help better protect cashflows.

By: Jotham Lian