A credit control solution to automatically check the ongoing creditworthiness of clients is now available to companies seeking to eliminate bad debt issues in the manufacturing sector

It comes as the result of an exclusive deal between Topaz - the first supplier to offer a proactive credit control solution - and CreditScorer, the leading provider of benchmark and risk management services.

CreditScorer is the brainchild of Professor Nick Wilson, the internationally renowned guru on credit risk and management. He founded the company - a spin off from the Credit Management Research Centre based at Leeds University Business School - which uses the revolutionary scoring system he developed based on a unique series of algorithms.

The latest version of Topaz Credit Control will have an automatic link to CreditScorer online, which will allow users to:
- Credit check prospective new clients in seconds
- Monitor the ongoing credit worthiness of all clients - or those judged to  be most at risk
- Identify why a client's credit score approval rating may have dropped - i.e. newly submitted accounts, county court judgements, changes of directors.

The new Topaz Credit Control module will in turn use the information from CreditScorer to:
- Store all credit ratings and suggested credit limits
- Automatically alert the credit controller to refresh the score and credit limit at user defined intervals
- Maintain a portfolio of "at risk" customers to be constantly monitored by CreditScorer.

The leap forward in automatic credit management is to be made available as part of the market leading Topaz Financials package or as the standalone Topaz Credit Control product, which integrates with all leading financial solutions.

"The new Topaz Credit Control module will ensure that credit controllers in the manufacturing sector will be able to constantly monitor which companies should be extended credit - and which shouldn't," says Eddie Stanley, the Topaz Sales Director.