Intuit UK Teams Up with Experian
Intuit UK has teamed up with Experian to provide its credit reporting service so that small and medium enterprises that use its QuickBooks software can check the financial status of customers, suppliers and prospects at a click of a mouse. Developed in association with InfoBridge Software, the new service gives instant access to the most comprehensive and high quality UK company credit rating information from Experian .
Available within QuickBooks Pro, QuickBooks Accountant or QuickBooks Premier software, the integrated software, links to Experian's database of credit information reports on UK limited and non-limited companies to provide a credit score and limit – in one simple and seamless process. This can be used to help set safe trading limits for each customer or supplier, helping to minimise exposure to risk and bad debt.
Small businesses experience serious problems from customers not paying their bills or suppliers, which can result in they themselves going out of business. According to a study published last year by the Credit Management Research Centre at Leeds University Business School, UK SMEs each write off an average of ?14,000 in bad debts every year. A separate study by BACS estimates that more than a half of SMEs suffer from delayed customer or supplier payments and the total owed in late payments is ?16 billion.
New and existing QuickBooks users can sign up for the new servicehere.
The first three credit reports are complimentary and subsequent reports cost from ?5.00 + VAT for each report.
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