Power Up Your Practice

Improve your compliance, better understand your customers, grow your practice and speed up your processes

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Ease your compliance burden

Making AML easy

If you are confused about the accountancy sector’s AML compliance requirements you are not alone. In fact accountancy is one the sectors most often fined by HMRC for non-compliance.

We designed our platform specifically to make your AML check process simple and straightforward whilst providing a level of accuracy and efficiency that are unmatchable.

All of our checks are fully digital, powered by advanced AI technology and require just seconds of your and your customer’s time. So you can stop worrying about your next AML compliance assessment and focus on helping your customers.

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Stop worrying about your AML compliance

Fully compliant suite of digital checks

All of our checks comply with UK compliance regulations and are completely digital, providing a level of accuracy manual checks are unable to match

Document verification and enhanced due diligence checks with monitoring

Perform powerful enhanced due diligence checks and monitoring

Speed up your process

Send checks in 30 seconds

Improve your customer experience

Convenient checks that your customer completes on their device in around 60 seconds

Digital audit trail recording

Easily prove your compliance during practice assurance assessments

Checks delivered with your branding

Your customers want to deal with you not your data provider, that’s why we deliver checks with your company’s full branding and logo

Add to your insights

Better understand your customers with KYB reports and customisable monitoring

Few businesses know more about their clients than accountancy firms, but that does not mean that your customers tell you what you need to know before a small issue turns into something more serious or a prime opportunity has passed.

We supply market leading KYB and credit reports on all UK businesses that provide a deep analysis of your clients and prospects financial situation and creditworthiness. So whether you are performing financial due diligence before taking on a new customer or seeking a second opinion on one of your clients positions the most up-to-date information is just a click away.

But it is our customisable monitoring tool which makes us truly indispensable to accountancy practices. We give you complete freedom to segment your clients and choose which events you need to be alerted about and which members of staff need to receive them. Cutting out the white noise of irrelevant alerts and ensuring that you know of any changes to your clients as quickly as possible, often before they do themselves, and eliminating the risk of vital information not being relayed to you when it needs to be.

So whether you need to warn of a CCJ or advise that their credit options have improved, you will always have an excuse to get your clients on the phone whilst increasing the value of your service.

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Customisable monitoring

Stop waiting for your client to come to you

A common challenge for accountants is clients failing to relay important information when they should and only letting you know when a minor issue has become a much bigger one or an opportunity has passed. Unfortunately, this will never change so it’s important that you have some way of monitoring your clients.

We designed our innovative customisable monitoring tool to provide accountants with just that whilst eliminating the challenges and pitfalls of conventional monitoring software. We allow you to perfectly tailor your monitoring to your company without any fuss.

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Know before your clients

Our lightning fast data feeds mean that you will often be aware of changes at your client before they are

Improve your service to your clients

Increase the value you offer your clients by contacting them with better and more timely advice

Customise your alerts

Organise your monitored companies, choose your alerts, and share them across your business

Inbox friendly

Eliminate irrelevant alerts clogging your inboxes and being missed

Better practice development

Grow your practice

Whether you are a new practice looking to establish a client book or an established firm looking to take on more work, developing your practice is an important part of accountancy. However, as a sector, accountancy generally relies on inefficient marketing processes.

Our platform allows you to take a much more targeted and efficient approach to prospecting with our B2B Prospector tool.

Featuring dozens of search criteria including area, creditworthiness, growth score, turnover, industry and much more. We make finding the companies in your area that need your services a matter of seconds.

It also includes an inbuilt analysis tool as well as the ability to see your competitors client books, so you can perform powerful market research and see where your prospecting efforts will be best spent.

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FAQs

There is no limit to the number of monitoring portfolios you can make. Allowing you to organize and segment your monitoring however you wish.

You are able to monitor for 86 different events, Including:

  • New CCJ
  • New bad debt
  • Winding Up Petition submitted
  • Credit score increase
  • Credit score decrease
  • Directorship changes
  • Much more

Our AML checks are compatible with all smart mobile devices. Checks can be sent via text and email with your full branding.

Initially created by insolvency experts to identify the known early warning signs of insolvency, we have over 20 years of knowledge gained from the constant analysis of the UK economy. This has allowed us to create the most accurate predictive algorithm on the market.

As business and economics are not static, we constantly test our algorithm against hundreds of thousands of data set, and our data scientists and economic experts continue to refine our algorithm and identify any new indicators or economic trends that have developed.

Speak to an expert

We have over 20 years of experience in helping accountants better understand and support their customers.

Our experts are available to discuss how Red Flag Alert will help your practice improve your services and processes, grow, and ease your compliance burden.