The solution makes it possible to structure the trade credit management process and to activate the reminder and default stages of debt positions.
Following the collection activities, the operational steps of credit management through the following tools are provided:
- Compensation between positive and negative items
- Managing refunds of bills with negative balances through wire transfers, traenza checks
- Overdue and reminder management through the stages of soft reporting, sending registered mail, and suspension notice
- Managing the postal outcomes of registered mail
- Managing insolvency situations: practice to legal counsel
- Repayment plans: when and to whom to grant payment extensions
- Management of supply disconnections and suspensions in accordance with the rules of the TIMG resolution
- Production of credit control and classification reporting such as:
- Classification of debtors
- Past due and overdue receivables situation
- Status of solicited credits
