Three out of every five companies that fail in South Africa do so while showing a profit. The problem is simply Credit Risk Management access to cash resources, which is usually tied up in their receivables – or worse – written off to bad debts. This is the very reason for the existence of DEBTSOURCE - a company specifically created to assist your business in managing the entire credit extension process. Credit Risk Management
Credit Management Company. Our experts will workshop with you to create a credit risk policy that spells out exactly how credit will be extended. This policy document covers critically important issues such as the maximum amount of credit to be extended at any time; the profile of your customer base; credit limit setting; handling ‘cash’ customers; information gathering; credit insurance options and reporting - to name but a few. When outsourcing, the credit policy forms the basis of your relationship with DEBTSOURCE and also acts as your Service Level Agreement.
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