Comprehensive Credit Management Services

Credit management is the process of granting products and services on credit and managing it. This entails determining and managing receivables policies, improving the quality of revenues, reducing financial risk and managing credit-financing policies. The benefits include:

• Creates a demand with competitive advantage for the company’s products
• Increases the amount of supply by selling products on credit
• Avoids the risk of late payment or non-payment from buyers
• Keeps the days sales outstanding (DSO) of buyers at a low rate
• Improves solvency of the company
• Reduces receivables and costs related to receivables
• Automates and simplifies credit management processes
• Turns inventory into profitable revenue
• Assesses the customer’s ability to pay back based on their credit history and financial capacity
• Manages the credit management process and monitors the client’s credit line
• Reduces the risk of bad debt arising

The Credit Manager who is responsible for the credit management process of the organization should be a staff from the loan department and s/he makes decisions regarding credit line, acceptable risk levels and customer payment conditions. In other words, the Credit Manager makes analyses on all processes related to selling products/services on credit.

Delcreda Group offers the following products and services:

Credit management services

• Credit management health check – A company’s credit management policy, its implementation, monitoring, testing and related processes are determined with a credit management health check.
• Credit management manuals – This manual is a policy document that is based on the company’s credit management health check. It identifies the areas the company should pay attention to and procedures and guidelines that need to be followed. It also clarifies related processes, defines the order of activities and the roles of staff.
• Training and seminars – We train and prepare Credit Managers for organizations before a comprehensive credit management process takes place within the organization and they will be responsible for the process going forward.