Credit management is one of the strategic survival elements for many companies of any size and turnover. Scheduling a Credit Audit intervention is like deciding to go for a medical check-up: necessary, sometimes long, but often salvific. Analysis is important for the development of a strategy, which is in turn essential for finding the correct solution.
The Credit Audit establishes elements, phases, activities and persons involved in the management, granting and eventual monitoring and recovery of corporate debt within the scope of the functionality of receivables. It provides for the mapping of existing business processes and procedures, through the order to payment system; that is, from the moment in which a client commissions a job or orders a product, to when the job is approved and an invoice is issued (whether it is paid or not).
The Credit Audit is always accompanied by a risk audit. In debt collection, just like in the medical field, there are risks; to minimize them it is necessary to establish an effective and comprehensive strategy. Over the years Etika has managed projects for over 900,000 requests by both private and public companies, always aiming to achieve:
The Credit & Risk Audit due to its nature and with the aim to succeed, is divided into three key phases:
Our commitment is to build solid partnerships with our clients, helping them to maximize the value of their credits through a fast and personalized judicial or extrajudicial recovery procedure, which is effective but above all reflects the values of the company in all respects.
A recovery agency
A law firm
A Credit Manager
A Business Consultant
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