RECORDENT PRIVATE LIMITED

In their own words

Recordent is India's most comprehensive credit and collections management platform. Recordent empowers businesses with a comprehensive suite of tools for efficient credit management and cash flow optimization. Best suited for manufacturers, traders and service providers, it's all-in-one credit to cash cycle management features for businesses offer the following solutions 1. Credit Risk Management: Buyer's Payment History from Credit Bureau & Recordent's Credit Registry2. Collections Management: Buyer Dashboards, Payment Reminders, Credit Registry Notifications, Invoice Management, Statement of Accounts, Dispute Management3. Recovery Management: Caution Notices, Legal Notices, E-arbitration, Initiating Legal Proceedings, & Facilitating Samadhan Process*4. Credit Risk & Business Analytics: Customer Analysis, Invoice, Customer & Territorial Level Payment Trends, Cash-flow ForecastingSetting up of Recordent in 2020 was driven by our first-hand experiences with previously managed companies. We understood the hardships of dealing with delayed payments, which significantly impacted cash flow and presented various operational challenges. Faced with these situations, we recognized the pressing need for a solution to address these late payment problems. The motivation stemmed from these challenges, driving us to create Recordent to help businesses navigate collections and manage their cash flows more effectively. Our Motto is to Add Transparency & Trust between Buyers and Sellers to Unlock Opportunities for Secured Growth with a unique feature to submit buyers' payment details to Recordent's proprietary credit registry. About Credit Registry: Recordent's credit registry is a non-banking payment reporting platform helping businesses to build credit track records. Like CIBIL and other credit bureaus, this credit registry can be accessed by lenders and creditors to view other businesses' credit history and payment track records for better credit decision-making.

Written by the company on its public Startup India profile. Not verified by us.