Late and non-payment by clients is one of the biggest problems facing many small businesses. Tradelock is the first credit management solution to offer UK-based small businesses on-demand invoice insurance; allowing them to protect their invoices against insolvencies and non-payment.
Tradelock also enables its users to assess their clients’ credit risk profile, based on the vast risk database of its parent company Euler Hermes. The price starts at £5.56 per selected invoice and invoice amounts of £200 - £200,000 can be insured. Xero users can sign-up and receive a quote for free.