Tradelock Invoice Insurance
Late and non-payment by clients is one of the biggest problems facing many small businesses. Tradelock is the first credit management solution to offer UK-based small businesses on-demand invoice insurance; allowing them to protect their invoices against insolvencies and non-payment.
Tradelock also enables its users to assess their clients’ credit risk profile, based on the vast risk database of its parent company Euler Hermes. The price starts at £5.56 per selected invoice and invoice amounts of £200 - £200,000 can be insured. Xero users can sign-up and receive a quote for free.
Tradelock Invoice Insurance + Xero
Linking your Xero account enables you to get setup and a valid quote in minutes. Connecting your invoice data allows us to determine the current status of your invoices, so you won’t need to manually upload them. Furthermore, your receivables data is cross-referenced with our industry-leading credit risk database, enabling our system to assess your clients’ credit scores, allowing you to review their solvency, and then make well-informed insurance decisions.
Getting set-up is pretty straightforward:
Create a free account and identify your business. Connect your Xero accounting: on the next page, simply select Xero, confirm that we are allow to access your data and login to your Xero account (we never see your password). Within a few minutes, you will see a list of your invoices and can request a quote.