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
Debtsource is pleased to announce that with effect from 5 January 2022, our Debtman system will be upgraded to an improved user experience. Over the past 10 months we have developed, tested, and implemented a revised online solution which will result in more streamlined access for our clients and internal users. The system will be faster with an improved look and feel. Users logging on to Debtman as from 5 January 2022 will automatically be redirected to the new system, and there is no requirement for different passwords etc. The navigation experience will look different to the existing solution, but it is intuitive, and most users should be able to […]
The Industrial Development Corporation (IDC) has earmarked a R1.5 billion funding package in response to the civil unrest, looting and destruction of property that occurred in parts of the country, according to the company’s website. The IDC’s R1.5 billion Post Unrest Business Recovery package includes funding support for businesses and communities impacted by the unrest. This package is a part of the R3.75 billion comprehensive economic recovery package recently announced by the Minister of Trade, Industry and Competition, Mr Ebrahim Patel. “We began monitoring the negative impact soon after the civil unrest flared up. Our exposure to key sectors of the economy and feedback from our affected client base spread […]
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. […]
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 […]
