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
https://www.businesslive.co.za/bd/business-and-economy/2021-02-25-free-to-read-business-day-insights-credit-management-feb-2021/
Excess Of Loss credit insurance cover has finally made its way to South Africa after being in development for the past 2 years. This is a real boost for local companies that credit insure their Business-to-Business debtors, which is a form of insurance that guarantees payment if any of their debtors fail to pay their account. B2B credit transactions, otherwise known as Trade Credit or Commercial Credit, typically involve millions of Rands in transaction values and happens when a company grants their client a credit facility – usually for no longer than 30 to 60 days after the delivery of their goods or services. With high average account values,<span class="excerpt-hellip"> […]</span>
On Saturday 28 November 2020, Debtsource hosted our annual 6-a-side soccer tournament. The event was supported by 8 teams and the funds raised are being donated to Abraham Kriel Bambanani. Our congratulations to the team from Baloi Security who walked away with the winning trophy! Our sincerest appreciation to all the teams who supported the event which included teams from Cemza; EQ-Fin; GIB Insurance; GHI Architectural Solutions; iToo; and Debtsource. Many of the teams additionally sponsored cash donations and stationery, including Robinsons Liquor who made a generous donation to the Abraham Kriel Bambanani cause. For those not familiar with the sterling work that this charity does – Abraham Kriel Bambanani<span class="excerpt-hellip"> […]</span>
As is so often the case in our legal system, intention and practice are far removed from each other. The extent of the National Credit Act (35 of 2005) is a prime example of misunderstanding which accidently or purposely crept into our everyday lives. Was the intention of the act to protect every borrower or just the ill-informed and those less inclined to be able to be protected from unscrupulous lenders? More relevant to our business at Debtsource is the question often raised by parties relating to a credit application, and here, even legal practitioners differ: Does the NCA require all your clients to complete and sign a credit application<span class="excerpt-hellip"> […]</span>
