Intrum Justitia recommends the following measures at all business levels (local, national and international):
1. Credit policy
Drawing up and consistent implementation of a clear credit policy, tailored to the individual risk orientation and financial strength of the company. The core of the credit policy should include: requirements for delivery against invoice; solvency checks before decisions are made on whether deliveries can be made against invoice; payment targets; measures and consequences in the event of delayed payment (ie charging of interest on late payment, recovery costs; suspension of deliveries; working with Intrum Justitia); credit limits; internal competence regulations.
Clients and all staff in contact with clients must be aware of the credit policy.
2. Credit limits
The development of the receivables of the individual regular customers has to be observed with the help of credit limits. In practice, read more
1. Credit policy
Drawing up and consistent implementation of a clear credit policy, tailored to the individual risk orientation and financial strength of the company. The core of the credit policy should include: requirements for delivery against invoice; solvency checks before decisions are made on whether deliveries can be made against invoice; payment targets; measures and consequences in the event of delayed payment (ie charging of interest on late payment, recovery costs; suspension of deliveries; working with Intrum Justitia); credit limits; internal competence regulations.
Clients and all staff in contact with clients must be aware of the credit policy.
2. Credit limits
The development of the receivables of the individual regular customers has to be observed with the help of credit limits. In practice, read more
