The Business Money Annual Review 2007 has been published and Vision Critical features throughout the magazine for its transformational role in terms of dramatically increasing the funds in use and secondly the client/office ratio being achieved with the use of OSMO^®. Sometimes it’s best just to step aside and let others do the talking. This is one of those times. Business Money Editor, Bob Lefroy writes: “A fabulous report from the aforementioned David Thomson regarding not only Close, but also embracing the wider marketplace: could put me out of a job! David summarises the challenger from fraud, SMEs seeking frequent changes of financier, margin competition. Nevertheless, a focus on service and seeking business at practical rates to justify it has served Close very well.

It was a master stroke being first to the party with the revolutionary IDeal discounting product, one that makes use of Vision Critical’s real time reconciliation systems. It allows greater exposure levels with much lower administration costs making the product a ferocious competitor in term of flexibility, cost and service. The figures reflect this. Factoring business is down overall but just look at the discounting numbers with sales and advances up 31% and client numbers up 25%. Average loan size is up 5%, operational efficiency measured by the client/officer ratio has improved 50% since 2002.”

Oliver Chadwick, CEO of Vision Critical, comments: “This has always been our vision and highlights the transformation of the asset based lending market in the UK through its widespread adoption of OSMO^® technology. That these statistics have now been confirmed by leading players in the industry within its major trade magazine review underlines just how far we’ve come.”