That Invoices must be paid on time in full is obvious. How this is achieved is not.
Credit starts with a clearly thought out credit policy and credit management strategy.
How well this works depends on how well the planning, management and enforcement tools are used.
Continued credit provision must be subject to the annual review of the whole credit provision and recovery process from start to finish.
Success comes from the overall performance of the whole credit value chain. It isn't just sales or just bookkeeping.
The credit value chain is divided into 2 areas:
We have designed a solution for each step in the credit value chain :