Risk management in credit is a vital tool used to protect the financial health of your business.
Our credit risk management service is proactive and designed to grow your company’s sales while increasing accountability for cash flow and profitability. In other words, we aim to balance our client’s drive to increase sales with the capability to collect money owed.
Our credit risk management services are supported by the extensive information we hold, it is continually updated on our exclusive online debtor database. In addition to offering comprehensive and sound information on your debtors, assisting you with setting appropriate and fair credit limits, we provide advice in the following specialised areas:
Our credit risk management allows you to relax in confidence for the following reasons:
Most debtors’ ledgers have an identity error rate of around 10%. Dealing with the correct legal entity ensures that you have a contract to pursue and that you will rank for dividend in the event of insolvency. We can review your ledger so that you always know who you are dealing with.
We can provide you with early warning signs on selected debtors. You will be alerted to changes or adverse events on your debtors as soon as we are aware of the facts. Wouldn’t it be valuable to know if there was a change in your debtors’ credit profile or if they have overdue debts elsewhere?
If you have already set credit limits for your customers, on what basis are these limits set and how often are they reviewed? Our experienced analysts draw on an extensive range of data and will provide you with thorough advice on your credit limits.
Our reports are not “off the shelf” information, instead we offer personalised, current and accurate mercantile reports. Our clients also gain free unlimited access to NCINet and over 600,000 debtors.
We can provide you with advice on issues such as effective retention of title, directors guarantees and terms of sales. We can even audit your credit management procedures manual or provide relevant training and consultation.
Trade credit insurance is the ultimate protection against bad debts, where you have your debtors insured against the risk of insolvency, protracted default or political events.
Extends from full credit approval to monitoring, reporting services and tailored outsourced credit management. CRM is there to assist you in...
Good credit management should ensure that customers pay on time, we understand that this is not always the case and not everyone has a trained and dedicated credit manager.
Over the years we realised that while our core product was insurance broking, our business was actually about protecting the profitability of our clients.
