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Services included in your membership

Your membership with Veri-Credit is aimed at substantially improving management of accounts receivable and increasing the company’s cash flow by significantly reducing its DBT (Days Beyond Terms)

TradeSure

Guarantees the immediate payment and delivery of goods and services.

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Prompt Payment Chaser

Receive timely payments on all overdue accounts.

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Auto Alert

Immediately become proactive instead of reactive to outstanding credit accounts.

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Veri-Cheque

Fast recovery of bounced cheques.

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Business Reports

Comprehensive KYC (Know Your Customer) Reports.

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Credit Management Audits

Checking and validation of credit management policies, procedures, systems and company results.

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Veri-Credit Stamp

A globally, time-proven method to stimulate compliance of credit terms by slow payers.

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Industry Credit Groups

A secure, confidential means to collect, compile, quality assure and publish trading credit information.

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What are Industry Credit Groups?

Become a member of Veri-Credit...

... and improve your cashflows, reduce the incidence of debts and minimise future credit risks.

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What are Veri-Credit Industry Credit Groups?

Businesses face many challenges, - most of which is in managing their cash flow. Many businesses risk billions of shillings each year on sales on credit rather than for cash. Credit professionals must therefore be able to gauge on which current credit customer will abide by credit term payments and conversely which application for new credit facilities to avoid.

And, in times of crisis such as a pandemic, profitability is no longer the focus of many - or most? - businesses. Companies are failing due to lack of cash flow, regardless of profits. Quickly defining concrete actions and anticipating the possible developments according to different scenarios will make it easier for all businesses to overcome the significant cash flow difficulties created by this pandemic.

One globally time-proven method available to alert the credit professional in helping to form a sound judgment in this delicate and difficult area is the formation of a Trade Association Industry Credit Group established in partnership with the relevant trade association.

What can you do to change this?

Speak to your trade association with regard to establishing a Trade Association Industry Credit Group in assisting its members in increasing their cash flow whilst minimising credit risks as there isn’t a better, more timely, opportunity of doing so now.

Industry Credit Group Benefits

A globally, time-proven method to stimulate compliance of credit terms by slow payers.
Powerful leverage of funds owed by bad debtors.
Access to current trade payment information as a proactive means to reduce credit risks.
An opportunity to anonymously exchange payment experience on mutual customers and obtain credit information not available from any other source.
A means of verifying credit information, reports and other credit facts which the member may use to determine their own credit decisions.
A secure, confidential means to collect, compile, quality assure and publish DBT (Days Beyond Terms) trading credit information as submitted anonymously by its members, nationwide.
Guarantees that the credit information collected and published is in accordance with any relevant Central Bank Regulation and Data Protection Act.
A proven resource to identify and monitor high risk credit customers.

Prompt Payment Chaser

Services

Services included in your membership

TradeSure

Prompt Payment Chaser

Auto Alert

Veri-Cheque

Business Reports

Credit Management Audits

Veri-Credit Stamp

Industry Credit Groups

Become a member of Veri-Credit...

What are Veri-Credit Industry Credit Groups?

What can you do to change this?

Industry Credit Group Benefits

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