Recordent Launches Analytics Tools As Part Of Its Credieye Product Suite

Updated on: 17 June 2023 2:50 am

Manish Kheterpal, co-founder and managing partner at WaterBridge Ventures and IVCA’s VC Council member stated this at #VC101, a knowledge-sharing programme for first-time fund managers (FTFMs) organised by IVCA

More Tact Needed In Navigating LP–GP Negotiations, Says Manish Kheterpal, Co-Founder Of Waterbridge Ventures Photo: Manish Kheterpal, co-founder and managing partner at WaterBridge Ventures and IVCA’s VC Council member stated this at #VC101, a knowledge-sharing programme for first-time fund managers (FTFMs) organised by IVCA

Recordent, a credit management platform, is providing its customers free access to analytics feature as part of its CrediEye Product suite. This addition aims to provide micro, small and medium enterprises (MSMEs) with valuable data insights and forecast trends. This will enable them to make informed decisions, drive business growth, and enhance profitability.

The analytics tool with free access is available for all MSMEs on the Recordent platform. The intuitive dashboard provides business intelligence reports to MSMEs simplifying data visualization and making data analytics accessible to those even without technical know-how. The comprehensive set of automated tools; analyses MSME sales, receipts, overdue invoices, and customer data.

The analytics module includes six screens from the Dashboard, including sales invoice level analysis, sales-customer level analysis, receipts (payment) analysis, overdue analysis-invoice level, overdue analysis-customer level, and customer analysis. Users can navigate through the different screens to gain deeper insights into their business performance.

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These screens and multiple filter options provide a detailed breakdown of key metrics, allowing MSMEs to gain actionable intelligence from the data they input into the platform.

"This initiative is part of our ongoing commitment to strengthening MSMEs by providing advanced tools and insights to help them succeed in business. With the right data and analytics tools, businesses can make informed decisions in real-time, leading to increased accuracy and efficiency and staying ahead of the competition," said Recordent's CEO, Winny Patro.

The Free Analytics feature is available to non-members for a trial period and is fully accessible to members. Recordent also offers customization options to their members in a way that provides custom analytics tailored to the client-specific requirements.

In addition to analytics, the CrediEye Product suite from Recordent provides businesses with access to Credit Reports through seamless integration with the platform. By qualifying customers and checking their credit history directly from Recordent platform or using the robust APIs, businesses can make confident credit decisions. Recordent eliminates the need for businesses to undergo the expensive CISA Audit and VAPT testing, which are mandatory when obtaining credit reports.