What’s Credit Management?
Credit management is an approachto assure buyers pay on time in a cost effective manner without making any harmson your clients’ relationships. The objective to manage your credit portfoliois nothing but to maintain a balance between steady sales and a consistent cashflow, at the same time, keeping bad debts as low as possible.
Keeping bad debts under control
Although bad debts is almost unavoidable when running a business, no matter how prominence your company is, no matter how long your company has already been established, no matter how reputable, how powerful your company is, creditors spontaneously put their debts aside for various reasons. Some might be temporarily short offunds, but some might have been heavily indebted for years. Some of them may encounter difficulties due to certain incidents, but some may encounter the same due to poor management. Some of their financial stability might be highly dependenton the economic cycle, turning from a strong financial position to bankruptcy, just within months. Or simply, some could even leave their debts intentionally as a fraud.
What Dark Knight can do?
This is exactly what Dark Knight Information can serve, we provide our clients with the utmost comprehensive background information by reviewing a wide range of media sources, as well as regulatory, court and debt record databases to confirm professional registrations and ownership, and to assess regulatory exposure and involvement in legal proceedings.
How are credit ratings justified?
With a team of experienced, observant analysts, our expertise give the best we have in a detailed study of company concerned and the corresponding risk it comes along under vulnerable economic cycle. Our reports extensively cover personal and business reputations, financial and operating histories, verification of critical non-financial information, debt and litigation records. And, not to mention, other undisclosed problems such as over stocking, excessive debt, continuous losses, heavy involvement in litigation cases, frequent changes of ownerships, delay in submitting financial statements, putting off payments, requests for longer credit periods, sudden change in payment terms, and requests for extending due dates. Once, any of these signals are alerted, we would advise our clients to act promptly to minimise losses, including negotiations with buyers for solutions or repayment schedules. Our purpose to serve is nothing but to assist you managing the identified risk concerned. Every investigation in details is done unostentatiously, without disclosing the identity of our clients.
