Terms and conditions are often overlooked or not drafted in detail when entering into a business agreement with potential customers. One would think that all entrepreneurs and business owners would always insist on signing proper agreements and read the ones that come across their desk. In most instances, this turns out not to be the case. Frank Knight, CEO of Debtsource – a specialist B2B credit management company – highlights six basics that business owners should consider when concluding B2B credit agreements with clients. Of the thousands of credit agreements (credit application forms) that we audit for our customers every month, only about 40% require no changes, meaning that a […]

Striking a balance to best finance your business – why it’s imperative to understand the options   With several available options to finance your business, figuring out which is best for you can be both daunting and confusing. Entrepreneurs typically hate asking for finance, which often means that they’ll pick the “path of least resistance” rather than the correct option for their business. Frank Knight, CEO of Debtsource, unpacks different financing options and identifies what makes most sense for your business. The two most important elements at play in business finance are rate and securities. Finding the correct balance for the business is finding the right mix between what interest rate […]

We are pleased to advise that Debtsource is relocating to larger business premises.  Our last day of operations at our current location will be 31 May 2018.  Our present numbers remain the same, 011 348 7000, and you can continue to email us at info@debtsource.co.za. We will be moving on Friday, 1st of June, on which date our offices will be closed.  Your Customer Relationship Manager will however be available to offer any assistance you may need on this day, and all our online systems are unaffected. We expect some operational delays in compiling credit information reports over the period, but have implemented measures to minimise the impact. We thank you […]

To assess; insure; finance and manage your trade credit risk has been the Debtsource vision since our inception in 2003. This vision has now been made a reality through a collaboration with Alternative Finance Solutions (AFS) concluded earlier this year and now ready for launch. AFS specialises in debtor invoice discounting solutions and was born out of the very successful private equity firm – Preference Capital (Pty) Limited, a member of the Stonewood Capital Group. The significant advantage for Debtsource clients is the ability to assess their initial credit risk through detailed research, and then to couple approved debtors with the AFS invoice discounting solution. This solution simply means that […]