The leader In Business Credit Management Solutions

The goal of credit management is to maximise a risk-adjusted rate of return by maintaining credit risk exposure within acceptable parameters.
Effective credit management requires a variety of skills and functions according to the levels and standards that companies demand.
The functions of credit management can best be described as follows:

Credit Vetting

• Establish policies and procedures
• Gather and verify information
• Assess risk and credit
• Establish credit limits and terms
• Provide for securities
• Open new accounts
• Compile detailed customer files
• Establish account review policies and procedures

Monitoring of Accounts

• Control credit limits
• Monitor the age analysis of debts
• Perform continuous risk analysis
• Audit the value of securities held
• Compile detailed customer filesAudit debtor compliance with policies and procedures

Collections

• Establish policies and procedures
• Customise procedures to meet specific needs
• Monitor effectiveness
• Provide for bad debts
• Use securities and protection to prevent write-offs

It is vital to have an information gathering policy in place to support these functions. Experian Business Information has structured its products and services to provide the modern credit manager with an entire credit management support package. We streamline all decision-making processes through superior information management and information delivery.