Telesure Lane

Auto & General Park

Telesure Lane

Randburg

2055

Gauteng

South Africa

-25.9803685

28.0138512

3001 William Nicol Dve

Bldg 8 Parc Nicol

William Nicol Dve

Sandton

2021

Gauteng

South Africa

-26.04606

28.01839

Credit Control

A lot of businesses offer their clients credit when they purchase goods and services from them. This means that the client can buy a product and receive delivery of it and only pay for it at a later stage or over a specified period of time.

Businesses do not just rely on good faith that the client will pay them for their goods, they have credit control systems in place to ensure that this is monitored. Not everyone qualifies for credit though. There are certain prerequisites and criteria one has to meet before credit can be extended to a client.

There are often charges that are incurred when credit is taken out to purchase goods or services and these are referred to as interest which is percentage based. Normally when you have a good credit record which means that you make repayments on time according to the credit agreement, you get lower interest on your repayment. If your credit record is not so good but you qualify for credit, you often get penalised and you have to pay a higher interest rate.

Businesses give customers this option in order for them to get the goods they need and to pay for it under less pressure. In the event that a customer can’t pay, there are systems and procedures that are followed in order to get the money or goods back so that the business does not suffer a great loss.

Credit control is an extremely important function for any business that gives credit. It needs to be well managed and there are companies out there who specialise in this function and will ensure that all your credit control matters run smooth.    

Credit Control

A lot of businesses offer their clients credit when they purchase goods and services from them. This means that the client can buy a product and receive delivery of it and only pay for it at a later stage or over a specified period of time.

Businesses do not just rely on good faith that the client will pay them for their goods, they have credit control systems in place to ensure that this is monitored. Not everyone qualifies for credit though. There are certain prerequisites and criteria one has to meet before credit can be extended to a client.

There are often charges that are incurred when credit is taken out to purchase goods or services and these are referred to as interest which is percentage based. Normally when you have a good credit record which means that you make repayments on time according to the credit agreement, you get lower interest on your repayment. If your credit record is not so good but you qualify for credit, you often get penalised and you have to pay a higher interest rate.

Businesses give customers this option in order for them to get the goods they need and to pay for it under less pressure. In the event that a customer can’t pay, there are systems and procedures that are followed in order to get the money or goods back so that the business does not suffer a great loss.

Credit control is an extremely important function for any business that gives credit. It needs to be well managed and there are companies out there who specialise in this function and will ensure that all your credit control matters run smooth.    

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