To help companies through this difficult time, Nimbla is offering free, advanced insights into how likely your customers are to pay you.Check my risk
Unlike credit agencies, Nimbla is liable for any inaccuracies. Our Nimblex rating of your customer’s credit risk includes real-time indicators of financial distress to support robust credit control and sales negotiations.
Nimbla’s breakthrough algorithm shows you the credit risk of every transaction. To provide an accurate picture of credit risk, Nimbla synthesises data on company rating, financial performance, and payment behaviour.
Nimbla also lets you insure individual invoices (or your whole ledger) against defaults, from just 0.8% of the invoice value. If your customer can’t pay you, Nimbla will pay 90% of your invoice (subject to reasonable T&Cs).
No one saw Covid coming. But the latest risktech from Nimbla predicts customer defaults and offers selective invoice insurance so your business doesn’t lose out. Payment behaviour is likely to deteriorate dramatically after the Government’s freeze on insolvencies ends.
Prepare your business for the challenging winter ahead with a free credit risk analysis from FreeAgent partner Nimbla. No subscription fees or added charges, just the leading indicators you need to take control of your business’ credit risk exposure.
With your consent, we'll share your transaction feed data with Xero
Then Xero shares that data so you can view your integration directly from our Marketplace.
Every UK-registered business (including sole traders) doing business with UK-based limited and public limited companies.
You can get insurance from as little as £5.60 for a single invoice without any recurring charges. Otherwise, the cost will factor in the invoice amount, invoice credit risk, and the payment terms.
Connecting your accounting software allows us to assess the credit rating of your customer invoices. We will give you a detailed risk assessment of each invoice so you can make better-informed decisions on whom to work with in the future.
You can try FreeAgent for free here.