Industry
Debt recovery for wholesale and distribution
Trade credit is how wholesale works, and overdue accounts are the cost of it. The difference between a manageable ledger and a bad-debt problem is how quickly overdue accounts are acted on.
What goes wrong
- Customers who keep ordering while the account is overdue
- Credit applications with personal guarantees never enforced
- Retention of title not exercised in time
- Customer insolvency with stock on the floor
How we approach it
- A review of guarantees and security interests with you, so recovery options are not lost
- Monitoring of key accounts for status changes
- Account-level prioritisation using recovery analytics
- Firm, structured contact that keeps trading customers trading