Recordent Launches Credit Registry, Revolutionizing Non-Banking Payment Reporting

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Recordent, India’s pioneering credit and payment reporting platform, proudly announces the launch of its revolutionary Credit Registry.This dynamic non-banking payment reporting platform marks a transformative leap in fostering financial transparency and empowering businesses to make well-informed credit decisions.

Traditionally, credit assessment systems like CIBIL focus on analysing credit behaviour within the banking sector, including loans and credit card usage. However, Recordent’s Credit Registry reimagines this approach by scrutinizing a business’s creditworthiness through its non-banking credit activities, with a particular emphasis on B2B payments.

The Credit Registry empowers sellers to report invoice and payment data, enabling the compilation of a comprehensive B2B credit report for buyers. This invaluable information streamlines the decision-making process. Importantly, once buyers are reported to the Credit Registry, notifications are issued directly from Recordent, sensitizing them to the consequences of non-payment or delayed payment and their impact on their B2B credit profile.

Recordent’s Credit Registry is not just about data; it’s about cultivating a culture of financial responsibility. By educating buyers on their credit obligations, it fosters a robust financial ecosystem where trust and reliability among businesses flourish.

On the launch of its newest platform, Mr Winny Patro, CEO and Co-Founder Recordent Pvt Ltd said, “Celebrating the dawn of a transformative era, the launch of the Credit Registry platform marks a pivotal moment at Recordent. Businesses utilizing Recordent’s Credit Registry have witnessed a remarkable 25% enhancement in their collections. Statistical data indicates that, owing to the Recordent Credit Registry Platform, 50% of collections are received punctually, with an impressive 87% seeing substantial improvements in collections post-platform notifications. This revolutionary tool is set to redefine the landscape of credit management in India.”

At its core, Recordent’s Credit Registry aims to enable businesses to meet & improve their financial responsibility. The Registry compiles buyer data from multiple sellers. When a seller seeks to partner with a new buyer, they can review the buyer’s credit profile upfront. This enables informed decisions on collaboration. Recordent’s credit registry also sends payment notifications when a seller reports a buyer, educating them about late payment consequences. This encourages timely payments and speeds up debt recovery. Ultimately, this fosters a robust financial ecosystem where businesses trust and depend on each other confidently.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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Recordent Launches Credit Registry, Revolutionizing Non-Banking Payment Reporting

Recordent, India’s pioneering credit and payment reporting platform, proudly announces the launch of its revolutionary Credit Registry.This dynamic non-banking payment reporting platform marks a transformative leap in fostering financial transparency and empowering businesses to make well-informed credit decisions.

Traditionally, credit assessment systems like CIBIL focus on analysing credit behaviour within the banking sector, including loans and credit card usage. However, Recordent’s Credit Registry reimagines this approach by scrutinizing a business’s creditworthiness through its non-banking credit activities, with a particular emphasis on B2B payments.

The Credit Registry empowers sellers to report invoice and payment data, enabling the compilation of a comprehensive B2B credit report for buyers. This invaluable information streamlines the decision-making process. Importantly, once buyers are reported to the Credit Registry, notifications are issued directly from Recordent, sensitizing them to the consequences of non-payment or delayed payment and their impact on their B2B credit profile.

Recordent’s Credit Registry is not just about data; it’s about cultivating a culture of financial responsibility. By educating buyers on their credit obligations, it fosters a robust financial ecosystem where trust and reliability among businesses flourish.

On the launch of its newest platform, Mr Winny Patro, CEO and Co-Founder Recordent Pvt Ltd said, “Celebrating the dawn of a transformative era, the launch of the Credit Registry platform marks a pivotal moment at Recordent. Businesses utilizing Recordent’s Credit Registry have witnessed a remarkable 25% enhancement in their collections. Statistical data indicates that, owing to the Recordent Credit Registry Platform, 50% of collections are received punctually, with an impressive 87% seeing substantial improvements in collections post-platform notifications. This revolutionary tool is set to redefine the landscape of credit management in India.”

At its core, Recordent’s Credit Registry aims to enable businesses to meet & improve their financial responsibility. The Registry compiles buyer data from multiple sellers. When a seller seeks to partner with a new buyer, they can review the buyer’s credit profile upfront. This enables informed decisions on collaboration. Recordent’s credit registry also sends payment notifications when a seller reports a buyer, educating them about late payment consequences. This encourages timely payments and speeds up debt recovery. Ultimately, this fosters a robust financial ecosystem where businesses trust and depend on each other confidently.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

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