Next Generation Cloud-Based Credit Control Software…
Lateral’s flexible credit control software provides automated credit processing tools for organisations of all sizes around the world.
“Time is more value than money.
You can get more money, but you
cannot get more time.”
Jim Rohn
AUTOMATE YOUR CREDIT CONTROL WORKFLOWS…
Lateral’s highly flexible credit control software allows for the automation of the creation and delivery of credit control processes through letters, emails, SMS around flexible business rules.
Serving a variety of different sized companies, our flexible cloud based credit control software can automate your workflows freeing up staff and saving significant costs.
A unique and fully flexible system that allows clients to automate the creation and delivery of credit control letters or electronic communications to exact business rules that automatically monitors and enforces credit control procedures without committing valuable employee resources.
THE LATERAL CREDIT CONTROL SOFTWARE DIFFERENCE…
Real-time Information
Improve credit control decisions by integrating data from credit reference agencies or other web services with your accounting or ERP data. Inform other employees about credit control status changes via email, SMS or a CRM account record update.
Letters
Automate the creation and delivery of letters or electronic communications around your ideal process through our credit control platform.
Credit Limits
Establish workflow automation processes so that all decision makers are consulted before key clients are placed on hold, receive a credit control communication or have their credit limit amended.
Instant Oversight
Monitor and enforce credit control procedures without committing valuable employee resources.
Lateral has decreased our average days of debt outstanding by 2 days and 10% in just six months.
Nigel Ross, Corporate and Legal
FEATURES & BENEFITS…
Automatic letters, email or texts
Log in from anywhere in the world
Compatible with MOST accounting software
Create your own CREDIT CONTROL workflows
Status changes via email, SMS or CRM
Reduce average days debt outstanding
Improve cash-flow
Dispute manager
Cost and time efficiency
CRM for credit controllers
SAVE ON LABOUR COSTS & AUTOMATE YOUR CREDIT CONTROL PRACTICES…
The credit control software engineered by LATERAL is designed to help business and organisations save on labour costs and boost their cash-flow. Clients are given access to a raft of credit control tools, which help them effectively automate chasing invoices from their customers. LATERAL’S intuitive credit control software also provides advanced insights, using artificial intelligence and machine learning, to help organisations decide which customers to grant credit to. It can also predict what will be the most effective way to chase customers who have not yet paid.
Recent YouGov research shows that 63% of UK medium-sized businesses receive late payments at least once a month, with 40% of small businesses reporting the same. If you recognize the value of good credit control and wish to maximize the labour efficiency of your team, then LATERAL’S automated credit control software could vastly improve your processes. If you use Microsoft Excel, you’re probably overwhelmed with masses of customer details, sales records, outstanding balances and payment histories. And as your organization grows, these challenges will only increase. The right credit control software solution will streamline processes, reduce errors, and boost your financial security. Cash-flow is consolidated, labour costs are reduced, and the foundations are laid for increased growth.
LATERAL’S automated and adaptable credit control software corresponds through letters, emails, SMS and Chat. Our automated workflows are proven to lead to a higher level of engagement from debtors and increased resolution rates. Put simply: you get paid without committing labour resources.