Isabel Group announces today the acquisition of Clearnox, a French solution for cash collection. With this new solution for companies, the Belgian fintech further consolidates its strong position on the Belgian market and accelerates its European growth strategy.
Isabel Group, specialist in B2B digitization of banking access, identity, payment and invoicing flows, is expanding its offering to enable customers to optimize their cash flow. Through the acquisition of Clearnox, the company can now offer a solution for the follow-up and the collection of invoices. As such, the Belgian group responds to a rising challenge: the follow up and recovery of unpaid invoices.
“During this pandemic, payment terms were delayed by up to 18.6 days, compared to 10.9 days before. The follow-up of unpaid invoices is key to improve the cash flow of companies,” says Jean de Crane, CEO of Isabel Group. “We therefore wanted to offer a reliable, automated and collaborative solution to complete our value proposition in the order-to-cash chain. Clearnox is an easy to use and very functional cloud service that allows efficient cash collection – all whilst maintaining good customer relations. It fits perfectly into the range of services we offer and is very much in line with our philosophy and values as a company.”
Today, Clearnox manages the daily reminders of more than 120,000 companies. Forerunner in the French market, Clearnox has developed strategic partnerships with the leading software providers SAGE and CEGID.
Mathias Eleaume, President and Founder of Clearnox: “Our cloud solution answers a major challenge companies face: a timely payment of their invoices. By improving the visibility, collaboration and communication around cash collection we reduce the payment delay with 50% and thus optimize the organization’s cash flow. As part of Isabel Group, we benefit from 25 years of expertise and a greater force to expand our solution and reach.”
European growth ambitions
As a major player in the Belgian financial sector, Isabel Group has started its international expansion a few years ago. First by marketing its products in Luxembourg, later through many partnerships in the Netherlands for its Ponto solution. Ponto transfers banking information and initiates payments directly from its partners’ solutions for more than 650 European banks. Continuing its momentum, Isabel Group now accelerates its European growth strategy, starting in France.