In a significant move for Australian small businesses, Thriday, the pioneering financial management platform, is actively collaborating with CreditorWatch, a leader in business credit reporting. This collaboration is set to empower SMBs by offering a free Business Credit Score check through Thriday's platform, utilising the extensive credit data of CreditorWatch. This initiative marks a shared commitment to enhance small businesses' financial health and creditworthiness.
Insights from Industry Leaders
Michael Nuciforo, CEO and co-founder of Thriday, emphasises the critical role of a robust credit score for small businesses, especially in today's dynamic economic landscape. "In an era where financial agility is key, understanding and optimising one's business credit score is imperative for growth and stability. Working with CreditorWatch is a strategic step towards providing our members with essential tools for financial success," Nuciforo states.
Thriday, renowned for its AI-driven financial management solutions, offers comprehensive assistance in cash flow optimisation and accounting automation. Powered by CreditorWatch credit risk insights, the Business Credit Score supports Thriday's capability to streamline financial operations and provide financial insights to time-poor SMBs.
A Strategic Collaboration
Patrick Coghlan, CEO of CreditorWatch, shares his enthusiasm, recognising its potential to improve how small businesses access and understand credit information. "Powering this tool for Thriday aligns with our mission of empowering businesses with accurate, timely credit information, and is a testament to our commitment to helping Australian SMBs make more informed credit decisions," Coghlan remarks.
Known for its meticulous approach to credit scoring, CreditorWatch leverages diverse data sources to provide precise assessments of business creditworthiness, a factor critical in today's complex business environment.
Empowering Small Businesses
Thriday users can now access their Business Credit Score for the first month for free, democratising the availability of crucial financial data. Additionally, Thriday's AI capabilities streamline invoicing, expense tracking, and other financial tasks, enabling businesses to navigate financial complexities efficiently and mitigate risks associated with poor credit scores, compliance and tax while providing highly cost-effective alternatives to traditional accounting services.
Coghlan highlights the transformative impact of CreditorWatch powering Thriday’s latest tool for Australian SMBs "By incorporating credit scores into a comprehensive financial management solution, we’re able to help SMBs improve their understanding of their own financial health. This empowers SMEs to thrive in competitive markets and maintain a healthy credit rating, laying down the foundations of a resilient business."
A Testament to Fintech Collaboration
As SMBs navigate through economic uncertainties, the collaboration between Thriday and CreditorWatch stands as a beacon of innovation and support. Offering free Business Credit Score checks and leveraging AI-driven features for streamlined financial management, Thriday and CreditorWatch demonstrate a steadfast commitment to the prosperity and resilience of small businesses.