Recordent Introduces a New Class of Data Analytics for Businesses

Recordent, a credit and payment reporting fintech platform in the non-banking sector, introduces Data Analytics to its platform, which is a new class of analytics, that builds a competitive edge with end-to-end-visibility and traceability to enable businesses to make better decisions faster. The new analytics empowers businesses with the right context to do customer predictive models, simulations and drive seamless business efficiency and output.

Recordent's addition of data analytics seeks to help firms become more agile and responsive to changes. The company intends to popularise data science capabilities so that enterprises may become data-driven, with data and analytics serving as the foundation of their success.

"To stay competitive in the post-pandemic era, businesses must adopt analytics.  It may also help businesses cut operating expenses, develop business models, generate revenue, and differentiate themselves from their competitors. It can assist in the development of more timely and relevant business insights. This is where Recordent's new analytics comes in. It offers pre-built data integrations to enable faster decisions, as well as a scalable strategy to help organisations see immediate results,” Winny Patro, CEO and Co-founder, Recordent India, stated.

"Traditional products are difficult to use and built for specialists.  In many situations, companies spend anywhere between Rs. 30,000 and Rs. 1 lakh per month on analytics employees. This does not include software expenditures. Recordent's user-friendly and technologically advanced platform facilitates and digitises every business journey flawlessly.  At Recordent, we are devoted to offering solutions that assist organisations of all sizes in bringing new decision intelligence to their operations," he says.

Recordent’s Analytics is comprehensive. It's faster, smarter and simpler. It offers a dashboard to the user that dives deeper into analysing every function of a business. Recordent provides a dedicated team that collaborates with an organization for setting up this analytics feature and its platform is highly secured with AES256 gold standard encryption. With Recordent’s real-time analytics, businesses can analyse every aspect of the payment and credit processes like sales, overdue, payments, collections etc. Real-time analytics gives access to the credit information of customers enabling businesses to accurately evaluate their creditworthiness.

Recordent’s business intelligence analytics tools analyse a wide range of data points to improve the accuracy of growth and business forecasts. These insights can be used by smart businesses to make informed business decisions that lead to better profit margins, more efficient operations, and quicker growth.

Read more IT news here