Avoid bad debts

NEW DELHI: Intuit UK has teamed up with Experian to provide its credit reporting service so that small and medium enterprises (SMEs) that use its QuickBooks software can check the financial status of customers, suppliers and prospects at a click of a mouse.

Developed in association with InfoBridge Software, the new QuickBooks service gives instant access to the most comprehensive and high quality UK company credit rating information from Experian.

Available within QuickBooks Pro or QuickBooks Accountant software, the integrated software, links to Experian's database of credit information reports on UK limited and non-limited companies to provide a credit score and limit – in one simple and seamless process. This can be used to help set safe trading limits for each customer or supplier, helping to minimise exposure to risk and bad debt, Experian said in a statement.

Richard Bee, UK managing director, Intuit, said, "Our new service developed in association with Experian and InfoBridge empowers small businesses with instant access to gain exactly the knowledge that they need to make more profitable business decisions," he added.

Chris Reed, head of alliances and partnerships within Experian's Information Solutions division, said, "The risk of exposure to business failures, bad debt and late payment can be significantly reduced through the use of credit reports. By teaming up with Intuit.

UK, we are able to bring the benefits of credit reports to the wider QuickBooks audience, enabling them to take advantage of being pre-warned of difficulties, helping them to reduce their exposure to risk."