Reduce default risk by monitoring business data in real-time and on an ongoing basis
- Increase accuracy and get the full picture. By utilizing real-time data from different sources, you can ensure that your credit risk decisions are more accurate. Use accounting, commerce, and bank data to build a full picture of your business customers’ financial health, reducing your risk exposure.
- Stay up-to-date. Once your business customers provide consented access to their financial software, you will have access on an ongoing basis, allowing you to flag key default indicators early.
“Accounting data is a critical part in making the best investment decisions for Clearco’s customers. Codat’s API allows us to quickly assess accuracy and risk while at the same time maintain our streamlined application process.”Ben Brideaux, Director of Operations, Clearco
Codat is the platform for business data.
Through our single API, clients can seamlessly integrate with the financial software their small business customers use.
Codat enables the two-way flow of financial data, whether that’s a lender pulling information from a company’s cloud accounting package, or a payment terminal pushing real-time sales information into company accounts.
We handle the heavy lifting of integrations, leaving providers free to focus on how integrations can improve their products for their small business customers.
Codat has over 100 clients globally, across different industries from traditional lenders to alternative finance, cash flow forecasting tools, and POS providers.
We are currently working with financial institutions such as Experian, PayPal, Virgin Money, several tier 1 UK banks, Euler Hermes, Clearco, and FreeAgent.