Credit Checking
In business it is essential to give credit. However, a business has to exercise caution when doing so in order to avoid bad debt. Giving credit is always a risk, but systems can be put in place to reduce this. By carrying out Credit Checks on potential clients, chances of non-payment are greatly reduced.
It is important to remember that it is not just new customers that need to be monitored; existing customers can pose an equal if not greater risk as late payments and extended debtors days can sometimes fall under the radar with existing clients.
Solve can provide a comprehensive Credit Checking Service for new and existing customers which will enable you to decide on what credit terms and conditions to offer the client thereby minimising your exposure and risk of late payments and Bad Debt.