News - Kredinor

Joining the world’s largest sustainability network

Kredinor has been accepted as a member of the highly respected United Nations Global Compact, the world’s largest corporate initiative for more sustainable business practice. “I am extremely proud of my workplace right now, but this is just the beginning. Our aim is to become a leader in the field of sustainability and social responsibility in Norway,” says Kredinor’s Sustainability Manager Edda Flatlandsmo.

The pandemic has made us better payers

Over the past six months in Norway, the amount of consumer debt subject to payment remarks has been reduced by NOK 1 billion. Norway has not experienced this sharp a decrease in payment remarks in a very long time. The change is linked to the fact that people are spending less, paying earlier than before and avoiding debt collection proceedings.

Is inequality increasing in Norway?

Today we have an op-ed in the financial daily newspaper Finansavisen in which we comment on Lindorff’s claim that inequality is increasing as a result of the pandemic. Our analyses and figures show that this is a distorted image of reality. Figures from the debt registers, credit rating agencies and Kredinor show a more nuanced picture.

Kredinor signs deal with fintech company Axeptia

The agreement with Axeptia means that Kredinor can now offer clients and their customers a far better overview of their own data, because information from several sources is collected in one place. This will streamline customer service from the moment credit is granted until the money is in the bank.

Saves more than 700 trees a year

Kredinor has digitised 9 million paper invoices annually. This has significantly benefited the environment, and it does not stop there. Digitisation also reduces costs arising from physically printing, packing, posting, receiving and handling letters to customers. In addition to paper invoices, other letters are also being digitised.

Simple and customer-friendly steps that cut payment time

To a large extent, a foreseeable cash flow and good liquidity depend on the length of time between issuing an invoice and receiving payment. The key to faster payment from the customer is electronic invoicing and simple payment solutions, as well as good follow-up routines in the event of non-payment.