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New product for B2B-collection and Risk Management starts Print E-mail
Monday, 16 June 2014

Broensfin (www.broensfin.com) is the start-up firm of German credit professional Herbert Broens, who for many years held a responsible position in credit management for a multinational production firm. He has also published several credit related articles in Germany, UK, USA and Hong Kong.

The new portal makes it possible to promptly recognize any differences in open receivables, thus shortening turnaround times between delivery and payment.

The tool is developed as the actual best practice in receivables management countering some bottlenecks:

♦     The supplier does not always receive payment on time. Companies which produce and sell consumer goods for B2B are affected most significantly.
♦     The later the payment is received, the higher the danger of default on payment. Therefore all late payment leads to a higher rate of defaults.
♦     In the case of a non-recognition of the invoice, using the BROENSFIN-tool before payment becomes due makes it even easier to act and avoid non-payment.

The traditional collection procedure is a largely manual processes. The Broensfin-tool can reduce this process significantly in instances where no answers have been given.

(Source - Broensfin Press Release)

 

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