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When it comes to credit management, you don't want to commit resources into chasing monies you're already owed.
This is why it makes sense to out-source your credit management to a specialist team who charge based on results. It keeps your operating costs down and gives you more time to focus on your core business.
At CreditWorks, we believe in a responsible approach to credit management. We work closely with our clients to design and implement effective credit policy. These policies will vary depending on a company's business and structure, but will include:
- Credit policy setting and implementation
- Training programmes in credit risk and cash flow management.
- Assisting clients to secure sales without compromising on credit risk.
- Assessment of credit risk in new accounts and on-going exposure.
- Compliance with legislative change.
- Collection of written off bad debts.
- Litigation - instruction to solicitors.
- Customer intimacy maintenance.
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