FinTech and debtor management software provider, FeeSynergy, and global data, analytics, and technology company, Equifax, have partnered to empower legal firms and accountants to better manage client relationships and assess client risk, providing greater visibility of a client’s credit risk and ability to pay.
With economic uncertainty and many businesses feeling the pinch from Covid lockdowns, having insight into the credit standing of customers is essential to help reduce time spent chasing
bad debtors and ensure cash flow to enable business growth.
As a leading provider of debtor management software, payment gateways, and fee finance solutions to accounting and legal firms in Australia and New Zealand, the FeeSynergy Collect platform is used by hundreds of leading firms to manage their entire debtor management process, from engagement right through to payment.
The partnership with Equifax will enable accounting and legal firms to access an Equifax business credit score and credit report as part of their risk assessment process. It will also offer
FeeSynergy clients the ability to identify business advisory opportunities within their client base.
FeeSynergy’s Managing Director, Malcolm Ebb, says “Our partnership with Equifax is groundbreaking. The product we are bringing to market has been over two years in the making and will provide our accounting and legal clients with valuable insights enabling them to better manage risk and enhance client engagement.”
“In the current economic climate, managing the credit risk of customers and suppliers is crucial.
Understanding a client’s risk and ability to pay can help better protect cashflows. Our partnership with FeeSynergy enables the accounting and legal sector to access a more complete picture of prospective and existing clients so that they can make informed decisions when it comes to credit risk and client engagement.” Scott Mason, General Manager Commercial and Property Solutions at Equifax adds.
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FeeSynergy is a leading provider of integrated Debtor Management, Engagement, Payments, and Fee Finance solutions to the accounting and legal industries in Australasia. FeeSynergy flagship Collect platform is used by hundreds of firms to automate cash collection processes, issue engagement letters, process online card payments, and provide direct debit and monthly instalment facilities. The unique integration with Equifax credit scoring technology further enhances FeeSynergy Collect’s client risk management and reporting capabilities. For more information, visit www.feesynergy.com.au.
Equifax (NYSE: EFX) is a global data, analytics, and technology company, playing an essential role in the global economy by helping financial institutions, companies, employees, and government agencies make critical decisions with greater confidence. Equifax's unique blend of differentiated data, analytics, and cloud technology drive insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 11,000 employees worldwide, Equifax operates or has investments in 25 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit www.equifax.com.au.