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• 27 Nov

  Predictive Black

  

  Occasionally we asked to provide some industry information and insight to parties that are seeking to provide tools to the invoice finance companies that will help them better manage their portfolios of clients. We were recently pleased to provide some support to Predictive Black.

  This was the comment I received from Predictive Black after the video conference:

  "Thanks you again for the time today.  We really appreciate the insight you provided on the market."

  It's always great to get positive feedback, and we try to help organisations that are bringing new offerings to the invoice finance market.

  Predictive Black

  I had a video conference with Zitah McMillan and Mike Valadakis of Predictive Black. They have a superb piece of software that enables businesses to track and model their cash flow. It also provides for scenario planning and benchmarking against their industry sector.

  The software uses machine learning to analyse data from a wide range of different sources, including open banking, and presents a composite analysis to the user. There are video demonstrations on their website and I saw a demo of the incredible scope of its capabilities.

  The platform is available to medium to larger sized companies, that need that type of comprehensive cash flow planning tool, but there would also seem to be scope for it to be used by the invoice finance companies in support of their funding. I thought that the industry benchmarking would be particularly useful to anyone managing a portfolio of receivables financing customers. Being able to compare client statistics with the norms within their sector seems like a useful tool to have at your disposal. 

  If any of the invoice finance companies would like to know more, you can:

  REQUEST A CALL FROM PREDICTIVE BLACK 

  They will arrange for you to see a demonstration of the full range of their capabilities.

  By Glenn Blackman