Legal firms face a raft of challenges. Competition is high and finding new opportunities is tough. Then there’s the risk of experiencing bad debt due to customer insolvency. But probably the biggest challenge facing law firms is maintaining regulatory compliance in the face of escalating costs and requirements.
Red Flag Alert can help law firms find new customers, check their clients’ risk level, comply with regulations and protect their business from financial threats.
Red Flag Alert has data on every UK company. This can be filtered by over 100 different data points, allowing you to identify companies that match your ideal customer profiles and are likely to need legal services.
You can also monitor companies for changes in their data that might make them a good sales opportunity.
Make prospecting more efficient by setting up filters that match your ideal customer criteria and automatically generating sales lists.
Set up sales triggers that alert you when new business opportunities arise. This could be a new incorporation or a change in circumstances for an existing business.
Be the first to know your clients’ changing circumstances by setting up monitoring alerts. Contact them with a relevant offer and secure their further custom.
Red Flag Alert is the UK’s most accurate insolvency scorecard. We provide tools to help legal firms save time and resources on critical functions.
Speed up onboarding
Build credit checks into your prospecting so you only approach companies that are financially healthy. This makes onboarding faster and improves the customer experience.
Protect Your Business
If your client goes out of business and owes you money then you may not get it back. Use Red Flag Alert to monitor your clients’ financial health and take proactive action should it deteriorate.
Update your CRM in real-time
Get real-time updates direct to your CRM. No more relying on gappy, out-of-date information or manually updating records—just reliable, up-to-date data.
Ensure you comply with regulatory requirements and keep costs low with our complete AML service.
Our digital IDV checks can be performed by customers remotely, making them quick and convenient.
Red Flag Alert’s database is updated in real-time. This allows you to set up monitoring alerts so you know as soon as a customer’s risk profile changes.
Our database connects to international business databases, as well as global PEPs and sanctions lists. This ensures that you don’t miss any international AML threats.
See what companies and people are behind the businesses you work with by understanding group structures and ultimate beneficial ownership at a glance.
Red Flag Alert stores all of your AML documentation in the cloud. This enables you to easily prove AML compliance and quickly provide records to regulators during audits.
Generate even more insights by seamlessly integrating Red Flag with your own CRM. Feed in data to power up your sales and marketing teams so they can work better and more productively.
"We were looking for a partner to enhance the data offering to our clients, and Red Flag Alert have done just that. They understood our business, our culture, and our aspirations for the future. We’ve seen some great feedback on our integration, and we are very happy with both the solution and team at Red Flag Alert."
Rob Mead
Strategic Software Projects Director
"We use the search tool to identify businesses in specific geographic areas, with the right number of staff, the right turnover, and a low risk of non-payment. Now we have experienced the benefits of Red Flag Alert, we could not be without it."
Mark Bryan
NSL Telecoms
"From a business development perspective, our brokers are benefiting greatly from the additional information that Red Flag Alert supplies – we’re able to zero in on ideal prospects and build effective marketing lists."
Ben Robert-Shaw
Power Solutions UK
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