Does your Business Credit Check New Customer?

[corporatedebt]

Knowing who you are doing business with is a crucial part of making sure you are paid on time

 

[Mark T Jones]

Funnily enough, yes it does...

 

[fisicx]

And so is sending out invoices. If you don't do that you won't ever get paid no matter how well you know who you are doing business with.

 

[Paul Kelly ICHYB]

Or get pre-payment for everything!

 

[NickZ]

Or get pre-payment for everything!

that is how most of the companies work in the 3rd World.

 

[Lawson@CBF]

We check all clients when they open an account with us and monitor their scores for movement to manage the risk. It has proven an invaluable process multiple times over the years and even this week it has helped with the payment of a set of overdue invoices from one client.

It's the management of international businesses which proves to be a problem, so we ask for a deposit on account to start the trading relationship on the right foot.