NEWSROOM

  
August 2, 2015

Ready for your new career?

If you are a looking for an exciting career in credit management you’ve come to the right place. From Learnerships to qualified Credit Specialists, Debtsource is always looking for credit-minded individuals to join our dynamic team. Please send your CV to careers@debtsource.co.za and we will contact you.
July 27, 2015

South Africa Economic Overview (27 July 2015)

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MCP) meeting was held on 23 July 2015 and as it is was widely expected the repo rate increased by 25 basis points, from 5.75%- 6.0%. The interest barometer, as published by Nedbank Strategic Research, considers the factors influencing the decisions of the SARB’s MCP in the statement made relating to the previous decision (26/03/2015) as well as all developments since this meeting. These factors can be categorised in 3 areas with 12 sub categories: The Global economy – contributing 20% The Domestic Economy – contributing 40% Major inflation drivers –contributing 40% Inflation – The Consumer Price Index was published by […]
June 26, 2015

Standard Letters now available on Debtman

Debtsource clients are always asking for standard credit control letters. “What should the format be to notify a client of an account approved or declined?” or “What notification do I need to send to clients that are overdue?” or “Is there a final letter I can send the debtor before taking third party action?” These are important communications to your client that need to be handled appropriately to avoid unpleasantness. Get it wrong and you’ll soon have your sales director breathing down your neck! Debtsource has simplified this process for our clients, by adding a Standard Letters tab to our Debtman system. What’s more is that all your debtor’s details […]
May 4, 2015

Effective planning is the key to successful B2B Credit

“Business to Business credit is seen by many as one of the riskiest assets a company can hold, with numerous firms severely affected by late payments and bad debts.”  According to Frank Knight, CEO of Debtsource, the consequences of slow or non payment include erosion of profitability from sales, and in some cases where margins are tight, profit may be eliminated altogether. “In instances where B2B credit is granted without careful consideration, the viability of the firm may be threatened, especially where cash flows are not strong enough to support losses or late payments.” In South Africa over 80% of B2B transactions take place on credit and this form of […]