New automated credit control app launches

A new automated credit control app has been launched. The new app, Itsettled provides an automated, legally compliant process for SME’s to chase their outstanding invoices.

The app has been launched by credit industry veteran Glen Morgan, who has recently acted as an advisor to the UK Government’s Parliamentary Review and Leadership council on late payment.

The company says that Itsettled has an ambitious vision to help over 30,000 businesses in the next five years.

Glen Morgan, co-founder and CEO said “We want to ensure that every business in the UK has the tools to chase their debts and get paid on time, whilst maintaining a positive relationship with their valued customers.”

“It’s absolutely shameful that small and medium businesses, who make up over 90% of all businesses and represent three fifths of the employment in the UK private sector, are failing because they’re not getting paid for work they have completed. This has to stop, and we’re ready for the challenge.”

Itsettled has been supported in the build up to its launch by NatWest, after securing a place in the bank’s highly sought-after Entrepreneur Accelerator programme. Part of the cohort based in Bristol as well as the national FinTech cohort, itsettled has benefitted from business advice and mentoring, bespoke coaching, and access to the bank’s networks and supply chains. Fully funded by NatWest, participants do not have to be a customer with the bank to take part in the initial six-month programme or give-up any equity in their business.

Andy Jackson, Entrepreneur Acceleration Manager at NatWest’s Bristol accelerator said “It’s always exciting to see the businesses that we’ve helped take the next step on their journey. We’re lucky in Bristol to have businesses like itsettled who are emerging with a vision to change the business landscape in the UK, and look forward to seeing them continue to thrive. We’re excited about the prospect of supporting more start-up and scale-up businesses when our next intake begins on the accelerator programme in Bristol.”