Credit Management Outsourcing
Quality credit management is the heart of your business because it
generates your cash flow but it is time consuming and not related to
the core business. Outsourcing allows you to focus on your core
business by:
- Providing proven credit management procedures
- Providing an improvement in debtor days which will have a positive
impact on cash flow and profitability
- Providing quality staff with support at all times
- Reducing credit control and administration costs
There are several levels of outsourcing to suit each company's
particular needs ranging from partial outsourcing to total
outsourcing.
Credit management outsourcing, focuses on a company’s balance sheet
because the most dramatic improvements can be made in the
invoice-to-cash cycle, thereby improving efficiency, productivity
and cash flow. Reducing the time your cash is tied up at the
receivables stage can save your business millions of dollars every
year. Even more reason for considering credit management
outsourcing, Inefficiencies due to outdated IT systems, duplication
of effort or faulty procedures may result in an increase in Days
Sales Outstanding (DSO) and reduced value of cash collections, which
all impact heavily on the bottom line.
Outsourcing Credit Management with a world-class partner like
Finedatta, allows you to benefit from improved cash flow, faster
payment by creditors and frees up working capital by reducing
operating costs dedicated to credit management. Furthermore, you
benefit from the latest seamless technology and the expertise and
best practice.
Corporate Credit Reorganization
This entails the setting up a credit management system in your
organization, to enable your company to monitor and administer Good
Credit Control. This entails installing and implementing new
systems, procedures and redefine job assignment responsibilities
that will improve the functional operation of your company's
existing credit department.
Corporate Structuring Services
This entails
Establishing a Credit Department, for a new company or in a case
where there is no established credit department, we offer a turnkey
program, Finedatta specialists will develop and write all necessary
procedures and systems to meet your needs, hire and train personnel
and make certain the credit department is fully operational.
Credit Audit
Finedatta will conduct a thorough appraisal of your credit
department's operation and how it functions within the organization.
We will then prepare a complete management report of its findings
and recommendations
Credit Appraisal Services
When instilling Credit Appraisal Services on your existing
Customers, Our firm can conducts in-depth audits of companies’
existing credit management systems and procedures, on the existing
Customer base and help alleviate problems identified on an
individual account basis, or as per the requirements of your firm.
Credit training & Seminars
We provide in depth training in Credit Management, in-house or
in seminars. Our courses provide an overview of the latest
techniques and instill the ethos of proactive credit control
management into company policy. We have a wide range of flexible
training programmes tailored to the specific needs of a particular
organization, covering effective Credit Control Management,
productive and professional Debt Collection procedures, efficient
Customer Service Management, and Sales and Credit Control teamwork.
These Intensive seminars target financial and accountancy staff,
customer services managers and sales and marketing personnel,
providing the participants with a comprehensive understanding of the
complete Credit Management cycle.