Regtech is becoming an increasingly common part of day-to-day operations in sectors across the UK business environment. For many companies, it is a vital part of their business process; one that they would not be able to operate without.

Alongside our recent scorecard product update, we’re pleased to announce yet more positive changes for Red Flag Alert users. Read on to find out how these exciting new developments will improve your Red Flag Alert experience. 

Credtech is an increasingly vital tool for businesses around the globe. 

The construction industry has been through a lot. As one of the sectors most impacted by the COVID-19 pandemic, when businesses were plunged into chaos as global lockdowns commenced and projects were put on indefinite hold. Some are still recovering from the unplanned pause in work caused by the shutdown.

During the course of operating a business, you may find yourself at the mercy of lenders when looking to borrow funds, applying for credit or financing a purchase. The lender will decide whether to extend credit to your business and how much, based on numerous mitigating factors. While some of these are out of your control, there are a handful of reasons that are within your control which can increase your chances of a successful application.

When operating a business, the greatest challenge is often keeping your finger on the pulse and ensuring that cash flow is always sufficient. Cash flow is the lifeblood of a business, as without it or in the event of a cash flow deficiency, company operations can quickly screech to a halt.

While business may be booming with a loyal customer base at the heart, the growth of your company may, in fact, be stagnant. The greatest challenge when running a business is actively managing the development of your company to ensure that growth is always on an upward trajectory.

Exciting news here at Red Flag Alert - we're proud to announce the rollout of all new scorecards across our platform.  

If you work in B2B sales, you'll know how tough prospecting is.