CUSTOMER CASE
Lyngholm Kloak has secured its financial stability.
With Risika, Lyngholm Kloak has found a solution that allows them to hedge credit risks for all new B2B customers.
ABOUT Lyngholm Kloak
Lyngholm Kloak A/S has been a family-run business for generations. They offer sewage services, sewer renovation, CCTV inspection, and various other industrial services to both private households and businesses throughout Denmark.
As a service provider, Lyngholm Kloak operates with a large and diverse customer portfolio. This entails significant credit risk—especially since Lyngholm’s services are typically performed before payment is received.
Employees
Year founded
Risika score
"Risika gives us insight into our customers' financial situation, so we can offer the right terms from the start. It has strengthened our customer relationships.
What is their challenge?
Lyngholm Kloak was looking for a solution to...
Comprehensive overview
Consolidate the overview of their existing B2B customer portfolio
New customers
Gain rapid financial insight into new B2B customers
Credit Monitoring
To be able to monitor and analyze their customer portfolio
Credit terms
Set the best possible credit terms for their commercial customers
How does Risika solve the problem?
With Risika, Lyngholm Kloak has found a solution that enables them to hedge credit risk on all new B2B customers, while continuously monitoring their existing customer portfolio. They receive notifications whenever significant changes occur in their customers' business conditions—changes that could impact their credit score and potential ability to pay.
The result
Automation
Automating their credit processes
Strong ability to pay
Staying up to date on the creditworthiness of existing customers
Fewer bad debt losses
Rapid analysis of the customer portfolio, providing peace of mind.
Financial security
Staying ahead of changes that could impact Lyngholm’s finances.