Chaser Unveils Innovative Late Payment Predictor to Boost Cash Flow Management

LONDON, England, July 24, 2023 (VSNewsNetwork.com) - Leading accounts receivables software provider, Chaser, has introduced an innovative late payment predictor. This application, driven by machine learning, estimates the probability of late payments, empowering businesses to make informed decisions and proactively manage credit control, thereby ensuring timely payments and securing cash flow.

This predictive tool offers a proactive solution to a long-standing problem for businesses of all sizes - late payments. The feature delivers invoice risk assessments, categorising invoices into low, medium, and high risk to help businesses optimise their credit control initiatives. It also provides an invoice payment probability, utilising powerful algorithms to analyse historical payment data and customer behaviour to predict payment success accurately. Unlike traditional credit reports, Chaser's late payment predictor integrates real-time data and predictive analytics to forecast payment outcomes and timelines more precisely.

"Late payments can cause significant challenges for businesses, impacting their growth potential and financial stability," said Sonia Dorais, CEO of Chaser. "Introducing the late payment predictor is a game-changer that allows businesses to accurately assess the risk associated with each invoice. By providing this invaluable information, Chaser enables companies to make more informed decisions and take proactive steps to safeguard their financial well-being."

For more information, visit: chaserhq.com

Source: Chaser via Newswire