CREDIT SERVICES
CREDIT SERVICES
Credit Policy & Procedures
We will review your unique requirements and processes and develop objectives and goals in alignment with your risk tolerance. Performance benchmarks and targets will be set to define success.
CREDIT SERVICES
Credit Policy & Procedures
We will review your unique requirements and processes and develop objectives and goals in alignment with your risk tolerance. Performance benchmarks and targets will be set to define success.
Review Existing Customers
We will review all of your current customers based on the Credit Policy we put in place. Seafax Credit Personnel will identify high-risk open balance accounts and review with management.
CREDIT SERVICES
CREDIT POLICY & PROCEDURES
REVIEW EXISTING
CUSTOMERS
PROCESS NEW
CUSTOMERS
MONITOR
CUSTOMER BASE
ORDER HOLD & RELEASE
CREDIT INSURANCE POLICY MANAGEMENT
Credit Policy & Procedures
We will review your unique requirements and processes and develop objectives and goals in alignment with your risk tolerance. Performance benchmarks and targets will be set to define success.
Review Existing Customers
We will review all of your current customers based on the Credit Policy we put in place. Seafax Credit Personnel will identify high-risk open balance accounts and review with management.
Process New Customers
We will process and evaluate new customer accounts based on the Credit Policy we put in place. Each new account will be assigned a risk adjusted credit limit.
Monitor Customer Base
Compass will reduce the chance for bad debt by monitoring your accounts receivable base for changes in payment habits or buying patterns. You will be notified of any changes.
Order Hold & Release
At your request, we will monitor and hold any orders that exceed agreed upon payment limits or their assigned credit limit. Individual orders will be assessed in real time and released upon review by our Credit Personnel.
Credit Insurance Policy Management
Compass will manage the daily activities of your credit insurance policy, including additions and deletions from coverage, oversight of Discretionary Limits and Past Due reporting.
