DEBTSOURCE will assist your business in managing the entire credit extension process. We have the resources, skills and sophisticated systems principally designed to increase your cash flow and minimise bad debt, simultaneously turning your credit processes into a competitive advantage. Get your accounts paid on time every time by the credit management and credit insurance experts
Improve your cash flow
We implement strategies that reduce the length of time it takes to collect payments from customers
Reduce your bad debts
We help you select the right customers
Risk Management & Corporate Governance
We ensure you have properly documented and audited processes
Save you valuable time
We coordinate ALL the elements to ensure a successful credit management process
Newsroom
The rumours of bank codes becoming non-existent has settled into a reality. This has been an ongoing discussion amongst banks within South Africa over the last few years. The first two banks to implement the extinction of bank codes were Investec and Citi Bank as they publicly notified businesses of their decision in October 2019. Shortly after this came into effect, Standard bank had announced that they too were going to end the supply of bank codes from the 1st November 2019. This was a concerning component for businesses as it would impact the way in which credit assessment decisions would be made when trading with new and existing customers.<span class="excerpt-hellip"> […]</span>
A number of Debtsource clients have over the past months queried with us what the difference is between a surety and guarantee. In some cases clients prefer to have a surety, while other clients are advised by their legal representatives to rather call for an unconditional guarantee. Credit Guarantee Insurance Corporation (CGIC) recently circulated a memo on the differences between the two forms of security, and for those interested in the technical aspects of B2B credit securities, the document provides good guidance on which document should be used when. Suretyships A suretyship is an accessory contract to another contract in terms of which a surety binds himself as a<span class="excerpt-hellip"> […]</span>
The following article is replicated with the kind permission of Euler Hermes South Africa Doing business with large companies can bring major benefits to a supplier: they are generally financially more stable, and can provide steady volumes of orders. However, it is still not a risk-free endeavor. Although the likelihood of failure is lower compared to SMEs, an insolvency of a large client can be devastating to suppliers, putting their very survival at risk. And worse – much like Covid-19 – large corporate failures create a domino effect, with waves of insolvencies in their ecosystems’ supply chains due to factors ranging from lack of supply or demand, to cash flow issues and<span class="excerpt-hellip"> […]</span>
https://www.businesslive.co.za/bd/business-and-economy/2021-02-25-free-to-read-business-day-insights-credit-management-feb-2021/
