Money knows no borders and neither does business. Trust is good – solvency check is better. Assessing and monitoring the credibility is not easy but necessary. It is not unheard for a business to order goods while in bankruptcy.
Offering attractive credit terms may increase your competitiveness but it will also expose you to higher credit risks. To minimize the risk and turn it into a positive business advantage, offer credit only to the worthy. Knowing a customer or prospect's long term business viability and staying informed of any changes in their status is critical. It's a commercial imperative. By adopting Credit rating approach wherein we rate each and every customer based on Financials, Industry standings, financial institutions feedback, credit rating history we ensure that each and every customer is rated in a consistent manner.