Codat provides the crucial link to small business data for TradeLock
About TradeLock
TradeLock offers invoice insurance for small businesses
TradeLock is committed to helping companies remain profitable by giving them the tools, data, and insight needed to safeguard their income and cashflow. TradeLock allow their customers to review their clients’ level of risk and then insure against the event of non-payment
Our approach
Manual data sharing
TradeLock understood that in order to quickly and accurately provide invoice insurance they would need to remove manual processes when it comes to sharing accounting data
Coverage
TradeLock understood that they would require connectivity with as many accounting packages as possible in order to better serve their small business customers
Time consuming in-house build
TradeLock recognised the importance of accounting integrations, however, they knew that building and maintaining many integrations was a costly and lengthy ongoing process
Accurate up-to-date data
Access to live data means that TradeLock are able to make faster and more accurate cover decisions as well as deliver a faster, more convenient digital experience for their customers
Built by experts
All accounting integrations are built, maintained and managed by Codat’s team of experts who offer ongoing support
One API, one data format
Codat allowed TradeLock to connect to the different accounting packages that their customers used all via a single API that normalises accounting data into a single data format
“Codat’s solution makes a lot of sense for us as it means we can offer credit insurance to a greater number of small businesses more quickly”
Matthew Falco
Digital Product Owner
