Deployed to over 2,000 corporates in the UK and Ireland, OSMO^® was initially developed by Vision Critical to satisfy the demands of the £173bn UK asset based lending industry. This solves the significant problems associated with the automated real-time transfer and collection of invoice and payment data, previously stored in borrowers’ accounting packages. To achieve the effortless transparency needed to automate these and other services, Vision Critical has created a software library covering 85%+ of UK and Irish corporate accounting packages, both current and legacy, together with a growing US and European library.

Oliver Chadwick, CEO of Vision Critical, sets out the company’s ambitious geographical expansion programme: “The Vision Critical management team is pleased to announce a clear integration target for OSMO^® in Europe, namely compatibility with a minimum of 60 per cent of accounts packages within the next six months. Target countries include Poland, France, Germany, Holland, Belgium, Turkey, Spain, Portugal, Russia and Italy. I predict that Vision Critical’s know-how and ground-breaking technology will result in a significant transformation among European lenders adopting the service, in a way that is already enjoyed by the UK market. Now this is being extended to embrace additional European countries, the scalable benefits of OSMO^® are heightened both for large multi-jurisdictional players and those looking to accelerate their development and gain first-mover advantage by the adoption of OSMO^® in their domestic markets.”