With Portfolio Overview, our practice partners can see all their clients’ debtor data in one place — including the value of their open invoices, the value of their late invoices and the risk profile of their debtors.
With this data at their fingertips, practice partners will be best placed to help their clients improve cashflow using Satago’s award-winning platform to deliver a premium credit control advisory service.
Satago CEO, Sinead McHale says, “The UK’s accountant and bookkeeper communities have played an instrumental role in keeping UK businesses going over the last 12 months. We’re excited to support them in providing even more value to their clients and Satago’s new Portfolio Overview is just the start of plans in this space.”
Accountants and bookkeepers who work with Satago can offer their clients a premium credit control service when they connect to the platform.
Satago integrates with all leading accounting software and email providers, allowing clients to send automated payment reminders, monthly statements and thank you emails to their customers. These automated emails can reduce client debtor days by up to 72%, significantly increase their cash balance and save them over seven hours a week in administration tasks.
In addition, the Satago platform includes credit checking software which provides clients with insight on their customers’ financial position, a crucial step in spotting credit risks and avoiding late payments in the long run.
Martin Horton of Rivington Accountants uses Satago to help clients protect their business against late-paying customers and improve their collections processes.
“We were being asked more and more by clients to help them collect money,” says Martin, “and we didn’t have the time to offer to phone their customers for them.”
After a dozen or so clients contacted their firm asking for help, Martin decided it was time to invest in an automated credit control tool. “Satago were really supportive all the way through,” he says, “It’s takes us no time, we can set it up and let it run.”
Since becoming a Satago practice partner, Martin has seen a significant reduction in participating clients’ debtor days.
“It doesn’t just do the traditional credit control, there’s also the credit checks.” Says Martin, “We used to get clients calling us to do credit checks, but with Satago they can run credit reports themselves, so they’re in control of who they offer credit to.”
You can listen to the full interview with Martin here.
If you’re interested in becoming a Satago practice partner and benefitting from our new and improved credit control platform, sign up below to start a 14-day free trial.