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
Access to trade credit facilities is critical for business success. Business financing may come via loans from business owners or even facilities from banks, but it is very likely that the majority of your business funding will be via short-term supplier credit. In simple terms – you probably owe suppliers more at any time than you owe the bank or shareholders! Having established that your suppliers are the main source of business funding, you may want to stop for a moment and consider what criteria they apply in order to assess whether you are worthy of their terms or not. Frank Knight, CEO of Debtsource – a specialist B2B credit<span class="excerpt-hellip"> […]</span>
With South Africa’s relatively high (and increasing) interest rates, it has never been more important to ensure that credit control happens effectively within a small business. For any business that sells the bulk of their goods and services on credit terms to other businesses, collecting their money timeously is critical not only to their cash flow, but to the survival of the business. All too often though, business owners think of credit control as “phoning for the money”, but sadly this approach will not yield the required results. Here is a list of tips that businesses need to focus on in order to ensure that their cash keeps flowing! Understand<span class="excerpt-hellip"> […]</span>
The first three months of any year is traditionally the time when many businesses that provide commercial goods and services on credit terms struggle with their cash flow. Generous bonuses in December; staff being on leave; and a lack of enthusiasm from clients to pay what is owing according to their agreed terms all have a negative cash flow impact. It is not unusual to see a spike in delinquent debtors in this quarter, especially for businesses that have a reliance to industries such as building and construction, or even manufacturing and distribution businesses where their clients go into December shut-down. For any business owner these times can be daunting,<span class="excerpt-hellip"> […]</span>
With year-end exams upon us and thousands of matriculants deciding on a future study path, CEO of credit management company Debtsource, Frank Knight, has reiterated the importance of a career choice aligned to high-demand occupations. Every two years, the Department of Higher Education and Training publishes a list of over 370 high-demand occupations in South Africa, which highlights occupations that show relatively strong employment growth or are facing staff shortages and which may to be in demand in future. According to the department, there is a growing international need for education and training to be better coordinated with the needs of society and economy. Its list identifies high demand occupations<span class="excerpt-hellip"> […]</span>
