In a highly competitive environment, Veri-Credit’s priority is to expedite the payment of invoices without damaging customer loyalty. Our unique secure, online software systems, combined with a professional approach to credit management procedures, help maintain a positive trading relationship with credit customers while significantly decreasing their D.B.T. (Days Beyond Terms)
For a single, low-cost flat fee per letter, Veri-Credit’s Prompt Payment Chaser assist your credit controllers to act quickly, decisively and economically in soliciting payments on alloverdue accounts irrespective of their days outstanding.

A Prompt Payment Chaser is sent requesting immediate payment IN FULL and advising your customer to make payment  DIRECTLY TO YOU, so we never interfere with your cash flow!

If the Prompt Payment Chaser does not achieve payment in full, at your sole discretion,  each non-responsive account can
be elevated to our Veri-Credit Debt Recovery System againsta low success only recovery commission (3%) .

Unpaid accounts that have exceeded the agreed credit terms are anonymously recorded on Veri-Credit’s online system and the D.B.T. (Days Beyond Terms) is circulated amongst Veri-Credit Industry Credit Group members to allow them to be proactive to credit risk.

Veri-Credit Benefits

• A proven method to stimulate compliance of credit terms by slow payers. A secure, confidential means to collect, compile, quality assure and publish DBT (Days Beyond Terms) trading information as submitted anonymously by its members, nationwide.
• A proven resource to identify and monitor high risk credit customers.
• Substantially reduce D.B.T. (Days Beyond Terms) and write-offs so you can avoid borrowing or cutting into your working capital to offset outstanding receivables.
• Confirm debtor’s intentions to pay prior to initiating more aggressive, more expensive recovery options.
• Expedite transaction disputes.
• Improve the efficiency of your accounting staff by allowing them to focus on the collection of your current accounts.