Use of the Cylix Data platform increased in 2019 by 47% after seeing initial success in 2018
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