- Receivables management solution provider Credit Clear (CCR) continued its sales momentum throughout April with $2 million added in annualised revenue
- The company added 15 new clients which represents a 15 per cent increase in one month, a record increase for CCR
- Additionally, an existing Australian client has significantly expanded its scope of work with CCR and is expected to add $1.5 million in revenue over the next 12 months
- CCR shares are up 1.12 per cent and trading at 45 cents each
Credit Clear (CCR) saw its sales momentum continue in April with $2 million added in annualised revenue.
The receivables management solution provider added 15 clients and has significantly expanded the scope of an existing client.
New customer accounts added in April represents a 15 per cent increase in one month, a record increase for CCR .
Following an onboarding process in March, one of its existing clients significantly expanded its scope of work with the company, which is expected to add $1.5 million in revenue over the next 12 months.
Notably, this client also provides CCR with the opportunity to extend its support into international markets.
“Our momentum continues with new clients joining the platform and the expansion of existing clients that vindicates the power of our offering,” CEO Andrew Smith said.
“Our market-leading and award-winning technology supports a hybrid end-to-end collections offering that is having a deep disruptor impact on the way businesses manage their accounts receivable.”
CCR shares were up 1.12 per cent to trade at 45 cents per share at 12:33 pm AEST.