NetNow provides a unified credit management system that integrates credit, risk, and onboarding workflows onto a single secure platform. The system automates trade reference collection and bank reference verification to accelerate account approvals and reduce exposure. This platform also offers real-time credit risk monitoring and fraud detection to help finance teams maintain compliance.
Funding
$1.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
IPMVFounders
Product
Problem
Traditional trade credit application processes rely on manual data collection, including PDFs, faxes, and phone calls, leading to lengthy processing times and increased administrative overhead. Incomplete or outdated information can result in inaccurate credit risk assessments and potential financial losses.
Solution
NetNow is a trade credit application management platform that digitizes and automates the onboarding process, significantly reducing application processing time. The platform integrates with over 16,000 financial institutions to provide real-time banking data, including live bank balance updates and alerts on significant changes. By continuously monitoring customer risk factors such as NSF events, bankruptcy filings, and credit score changes, NetNow enables credit teams to make informed approval decisions and proactively manage customer credit risk. The platform provides a centralized dashboard with detailed analytics, allowing for efficient management of accounts receivable and increased revenue through credit sales.
Target Audience
NetNow targets credit managers and accounts receivable departments seeking to streamline their trade credit application process, reduce risk, and increase revenue through credit sales.
Features
- Digital credit application form eliminating the need for PDFs
- Instant bank references from over 16,000 partner financial institutions
- Automated trade references
- Ongoing risk monitoring with alerts for NSFs, bankruptcies, liens, and credit score changes
- Real-time banking data with weekly refreshes
- Centralized dashboard with detailed analytics
- API integrations with ERP and CRM systems
- Unlimited seats for credit and sales teams