CREDIT & RISK POLICIES & PROCEDURES
Having a company credit risk policy and the procedures which support it is vital for the financial health and success of your business.
Not only are they vital to comply with the requirements of credit insurance but also to demonstrate to investors, bankers and suppliers that you are taking adequate steps to safeguard your largest asset, which is often the receivables tied up in your sales ledger.
Managing the risk in your sales ledger by having sound policies in place and the processes which ensure those policies are followed leads to financial robustness through reduction in bad debt and margin pressure.
Whether you have existing credit management and credit control in place or you outsource to us we will consult with you and deliver credit and risk policies which are tailored to your business and circumstances.
We will then document and deliver to you the procedures for you to follow to ensure your credit risk policies are maintained at all times.
How much this costs depends on the size and complexity of your business, your turnover, number of customers on your ledger and whether you export or not but it will fall in to one of the fixed fee categories below.
There are also other factors to consider such as whether or not you credit insure. It is a requirement of most credit insurance policies that you have documented credit risk policies and procedures which credit risk underwriters expect you to follow.
We will arrange a virtual meeting with you and your key team members and provide you with an online questionnaire prior to delivering your policies and procedures.
There are 3 fixed fee categories:
Richard is a founding director of Axis Professional and a member of the Chartered Institute of Credit Management. He has held senior credit positions during a thirty year career in credit and receivables risk and management. Richard heads up our credit and risk products and services
There are price plans to suit SMEs and corporates starting from £250 per month.
Services are available on a "dip in dip out" basis, for short term cover such as maternity leave or fully resourced and white labelled on a permanent basis.
Why Outsource ?
Outsourcing credit and risk management means you get the highest skill levels delivering best in class performance on a flexible basis without increasing headcount.
We believe our services are cost negative. We will reduce your risk and increase your ledger performance meaning our services more than pay for themselves.