Bad debt, credit card fees, and trade insurance devour your margins.
Bad debt: 0.5-2% lost revenue
Credit cards: 2.5-3% processing fees
Trade Insurance: 1-3% of invoice value
While trade credit is the most margin-friendly way of powering business transactions, it comes with collections risk and bad debt write-offs. These costs compound when you have insufficient information and reactive credit policies.
Outsourcing credit risk through trade insurance or credit card payments is expensive — a sizable percentage of the invoice value. You reduce uncertainty, but guarantee lower profit margins.
Take control of your credit risk.
Accurately evaluate customer creditworthiness in-house instead of relying on insurers and card processors.
- Convert more customers to trade credit accounts with Nuvo’s digital credit application
- Get risk alerts on customers with declining bank balances, credit scores, and more
- Tighten credit terms for risky customers in a click
Add 2% to your profit margin*
- Reduce collections risk & bad debt losses
- Cut expensive credit card fees
- Spend less on trade insurance
After seeing Nuvo's credit reports, bank references, and trade references, we realized we were missing a huge part of our customers' credit risk profile.
Nuvo is now continually monitoring our customer base for changes in risk in a way that would have been impossible for us to achieve before.
We can now move more customers to net terms and save on processing fees.
