Maintaining a healthy credit account list
Credit control management is important for trading companies to judge a customers creditworthiness in order to reduce risk of loss.
We can perform the necessary checks to minimise the risk to your company when lending credit to customers; we perform background checks, monitor accounts and resolve debtor issues.
- Identify potential debtors problems early on
- Liaise with client and company in debt resolution
- Copy invoices
- Credit notes
- Manage write-offs
- Provide records for court proceedings
- Represent company in court at debtor hearings
Credit Checks
If your business requires customers to set up trade accounts for making purchases it is necessary to run credit checks on new customers. We can moderate your customers with our professional experience as credit controllers.
- Obtain all relevant information on the company
- Run credit checks
- Create new credit accounts
- Set account limits
- Extend credit limit for good payers
- Credit insurance
- Restrict or refuse credit to known debtors
Debtors
Fed up with chasing debtors for non payment? In some cases it can be a full time job and keeping on top of what’s happening with each debtor can deter from the day to day activities of your business. We can free up your time dramatically by managing your debtors list, this service includes:
- Keeping a ledger on each debtor case
- Updating information regarding debtors accounts
- Chasing payment of outstanding invoices
- Record all correspondence – email / letters / telephone conversations
- Negotiating repayment
- Identifying the reason for non payment to establish what their needs are and how to deal with them
- Monitoring cases and reconcile accounts