Although there are no reliable figures available, anecdotally at least, the receivables industry in the UK alone loses in excess of £50 million per annum in fraud-related incidences.  If follows that access to real time transactional information acts as a powerful early warning system that can win you vital days or even hours in incidences of fraud.

Using Vision Critical’s OSMO® software, sales ledger, purchase ledger and debtor contact details are imported automatically into your operational system, giving you an up to date view of your exposure. This enables you to see precisely what the daily movements are on the account and means that with an invoice discounting or ABL transaction, you are gaining the benefit of a ‘factoring view’ – without your client even having to do any work.

Using the accurate, dependable information transferred by OSMO® to your systems, you will be able to identify a looming cash crisis at an early stage that could otherwise result in a major fraud. You’ll be in a position where you can spot unusual sales patterns immediately – events that might signal fresh air invoicing, such as rapidly increasing turnover, a steep reduction in debtor days or an increasing number of credit notes.

OSMO® delivers live alerts, bespoke reports, automation of the audit trail, daily reconciliation, reproduction of invoices and improved collect out performance, enabling you to manage operational and transactional risk even more effectively.