CASE STUDY 1
A long time customer in the building supply industry had a history of having to collect outstanding receivables through costly court cases
They began to use Cylix Data to understand their customers better rather than resort to legal action automatically
As a result, they were able to reduce the total value of legal claims by over 50%
Use of the Cylix Data platform increased in 2019 by 47% after seeing initial success in 2018
Using Cylix Data, the customer:
Cylix Data helped its customer understand their customers better and although covid-19 saw less revenue in 2020, they have not increased payment pressure on their customers, instead opting to work together through the pandemic.
CASE STUDY 2
Improving your business reputation with Cylix Data
A subsidiary of a multinational manufacturer was onboarded to the Cylix Data platform in July 2020
Although they have always met their obligations in their substantial overdraft facility at their bank, the company struggled with making prompt payments to their suppliers
As a result, their suppliers viewed them as a more risky client
In August 2019, Cylix Data’s Business Risk Scoring Algorithm rated the company as Medium Risk
Onboarding required the company to provide additional business details into the Cylix Data platform
Management was then able to properly analyze the risks related to their historical approach to accounts payable
As a result, the company worked diligently on staying current on their payables
2019 - MEDIUM RISK
As of March 2021, the company rates as Low Risk according to Cylix Data’s Business Risk Scoring Algorithm
2021 - LOW RISK
Also in March 2021, the company landed the largest sales contract since joining Cylix Data
