Specialist MGA, Nimbla, has today launched a policy designed to protect businesses against the risk of non-payment.
Nimbla Sync pulls data from a number of sources including Wiserfunding – an end-to-end credit lifecycle platform. Using algorithms and real-time market trends, a score is then given to each invoice – giving SMEs a clear picture of the likelihood of whether individual invoices will be paid on-time or are likely to default. The tool then insures SMEs against non-payment.
CEO of Nimbla, Elisabeth Jenkin, said: “We understand the challenges small businesses face in maintaining profitability and increasing revenue. We are also aware of the lack of affordable and – crucially – simple to use tools out there to help protect those businesses from interrupted cash flow and enable them to feel at ease. We want to be the solution and a go-to tool to help SMEs not just maintain but thrive – supporting them every step of the way. For us, Nimbla Sync is a positive means of helping small businesses steer away from potential insolvency issues.”
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